Reader Reaction: Is the Big Business Refit campaign a good deal for print?

We ask whether the Theo Paphitis-backed Carbon Trust loan deal will benefit the print industry


Jon Aindow, managing director, Redwood
"We are fully supportive of any scheme that enables the sector to improve carbon efficiency, especially at a time when traditional funders aren’t particularly forthcoming. We have a project we have been contemplating and this will certainly assist, so long as the timeframes and process are sensible. The only other area to be considered with any scheme encouraging capital spending is to ensure it doesn’t cause the same issues in serviceability that have been experienced by those taking up offers from manufacturers with interest free and loan free periods. This practice clearly hasn’t helped in the demise of some printers who found themselves unable to service the ongoing debt."

David Nestor, managing director, First 4 Print Finishing
"I think this is great for the print industry, which, lets be fair is one of the few areas of manufacturing actually left in the UK. I imagine a large chunk of that money will be coming to our industry. To be honest, it isn’t actually something that would benefit us much. I think it would be more useful for the bigger printers that are likely to produce more in the way of emissions. Finishers like us probably wouldn’t find anything that they could help us with. But, anything that can help the print industry get back on track can only be seen as a good thing in my eyes."

Tony Chard, managing director, MPG Books Group
"I think it's a brilliant idea and I speak from experience because we've used the Carbon Trust loan. We used ours for a powerperfector, which is a piece of kit that regulates the voltage coming into the building allowing you to reduce the voltage that your machinery runs at. There are two very good things about the loan: it's very easy to get the finance - it's just a straightforward justification on what you're doing, why you're doing it and what you anticipate the savings to be - and it's interest free. So, as a cheap form of finance that is readily available that can help printing companies reduce their utilities costs, it's absolutely brilliant."

Mike Keating, managing director, Key2 Group
"Key2 Group would have wholeheartedly embraced the concept of the Carbon Trust if the correct information had been available to us when we recently spent £200,000 on additional equipment for our business. We are extremely pro-active about updating machinery and equipment and as staunch supporters of environmental ethics, have always chosen printers and other plant with extreme care to ensure they fit into our ethical mindset. The sad thing is we would have easily met the criteria for Carbon Trust had we actually known about it at the time but, until a Business Link advisor brought it to our attention last week, it was unknown to us."