BRITISH GAS INCREASES SUPPORT FOR GREAT BRITISH BUSINESSES WITH GRANTS AND LOWER PRICED CONTRACTS
British Fuel is continuous to help nice British companies with a £15 million fund which gives grants to small companies together with pubs, cafes, eating places, hairdressers, shopkeepers, and charities which might be essential to our excessive streets and communities and need assistance with vitality prices.
The corporate has already given £7 million in help unfold throughout over 4,000 enterprise prospects with common grants of £1,700. The bulk (74%) of grants have gone in the direction of excessive avenue help corresponding to sole merchants in retail, bars, eating places, and group companies.
Many companies are going through elevated value pressures as they discover they’re at the moment in contracts set when wholesale prices had been at a peak while now receiving much less Authorities help below the brand new Vitality Invoice Low cost Scheme than below the earlier scheme.
Along with grants, British Fuel might be serving to some companies with the chance to increase their present contract time period by 12 months in an effort to considerably decrease their present charges. These “mix and lengthen” contracts would give companies who’re on greater charges the choice of spreading prices over an extended interval.
Companies who’re eligible for grants or new contracts might be contacted by British Fuel within the coming months and don’t have to do something to use.
British Fuel already has a £50m help bundle in place and has been offering grants as much as £1,500 to residential prospects in want because the begin of the vitality disaster.
Chris O’Shea, Chief Govt of Centrica, dad or mum firm of British Fuel mentioned: “We all know how important small companies are to our economic system, and we perceive what number of are actually fighting elevated curiosity prices, enterprise charges, and better vitality payments. That’s why earlier this 12 months we launched our £15m help fund, the one provider fund of its variety, to offer some much-needed help to our wonderful small enterprise prospects. We all know these companies are struggling proper now and wish help past simply vitality prices so all of us should do our bit. We hope that by persevering with to offer grants and by introducing extra reasonably priced contract charges, we will ease the strain brought on by vitality prices.
“We’ve already performed excess of every other provider to assist shoppers by the vitality disaster with money grants, and we’re continuously reviewing our help to ensure it’s attending to the place it’s wanted most. We proceed to offer focused pre-payment help of non-repayable credit score and the British Fuel Vitality Belief fund has not too long ago opened for brand new grants to residential prospects fighting vitality prices.”
Tina McKenzie, Coverage Chair of the Federation of Small Companies (FSB) mentioned: “Permitting small companies to return out from the vitality contracts they mounted throughout market peak final 12 months is significant to their survival. British Fuel is doing the correct factor to undertake our name and provides small companies the choice to ‘mix and lengthen’. We hope that is made out there to all small enterprise prospects who’re trapped in mounted tariffs from final 12 months’s peak interval. Now could be the time for different vitality suppliers to observe swimsuit.”