BPIF warns of financial cost of ignoring Climate Change Levy reduction scheme deadline

Steve Walker, commercial products manager at the BPIF, is urging PSPs to join its Climate Change Levy reduction scheme before the deadline on the 31 July. “It’s surprising that companies who can save more than £10,000 a year are finding it difficult to spare the resource to complete the paperwork,” said Walker, adding: “Upwards of £70,000 over the next five years could be saved under the BPIF CCL reduction scheme”.

The BPIF has contacted companies - members and non-members - with more than 50 employees, in order to explain the application requirements to ensure the industry makes the most of this limited time opportunity. It is estimated that the companies that have already been visited could save a total of £550,000 in the current year. With the levy set to increase considerably next year, that annual saving will rise to £846,971 from April and by not taking the necessary action to join the levy reduction programme, the BPIF said companies could be risking a loss of £3.9m on energy bills over the life of the scheme. In a separate move, the BPIF has also announced a Members’ Day on 4 July in London, with a morning conference and the BPIF AGM taking place at the St Bride Foundation and the All-Party Parliamentary Print Group Reception being held at the House of Lords in the afternoon.