Businesses hit by the recession in north London are literally “chucking money in the bin”, according to NLWA, as it launches the latest edition of a guide to help businesses reduce one of the biggest burdens on the balance sheet – their waste.
In London, businesses produce around seven million tonnes of commercial and industrial waste every year, nearly double that produced by households. Figures from DEFRA indicate that UK businesses could save up to £6.4 billion per year simply by improving the way they use resources, and creating less waste to dispose of.
Cllr Clyde Loakes, Chair of the NLWA, said: “The sheer amount of money being thrown away by businesses in north London that use their materials or operate in a wasteful, inefficient way is astounding – for example, if an average north London restaurant reduced its food waste by just 20% it could generate annual savings of more than £2,000 by avoiding unnecessary food purchase costs.
Disposing of waste is expensive for business owners as well, because landfill tax will continue to rise until 2014, by which time the tax alone will be £80 per tonne of waste. This will be 13 times the amount it cost to landfill a tonne of waste in 1996. This is why we think our new “Reduce Waste Save Money’ Guide is so important. It could literally save your business.”
NLWA has just released the latest edition of its waste prevention guide for businesses entitled ‘Reduce Waste Save Money’. This essential reference guide contains easy-to-read information about how business owners, regardless the size of their business, can make big savings by reducing waste and reusing materials, lists free re-use and recycling services available to them and who to contact for further support.
Producing less rubbish is easy and is the best financial option for any business. It helps the environment, gives you a market advantage, and can enhance your company’s reputation. The practical information contained in the guide, along with inspirational case studies will make it easy for north London businesses to save money by reducing the amount of waste they produce in the first place.
The guide can be downloaded free of charge from www.nlwa.gov.uk/businesses.