25/11/2010
Small and medium sized businesses are being urged to use finance options such as invoice finance, to take advantage of low-carbon opportunities.
According to the Confederation of British Industry (CBI) the global market for low-carbon goods and services is expected to be worth around 4 trillion by 2015, making now the perfect time for SMEs to develop their products and services and to improve their efficiency.
Key industry figures are to meet at the CBI's Climate Change Summit, which is being sponsored by Lloyds Banking Group. Speakers at the summit are to include secretary of state for energy and climate change Chris Huhne and Richard Lambert director-general of the CBI.
The event will explore how moving to a low carbon economy can boost economic growth across all sectors ranging from farming to accounting. It is expected that there will also be a debate between the director of the Smith School of Enterprise and the Environment Sir David King and Lord Lawson, chairman of the Global Warming Policy Foundation.
Dr Neil Bentley CBI director of business environment told Startups: "SMEs will be the engine of the UK's economic recovery and the low-carbon sector presents many exciting new opportunities for growth. The CBI's Climate Change Summit will bring together businesses, banks and politicians to plot the course for the UK to become a world-leader in low-carbon technology.
Hannah McLaverty-Williamson