Tidyco Awarded Funding from Bondholders

The D2 Energy Efficiency (D2EE) project, a partnership run by Bondholders the University of Derby, Derby City and Derbyshire County Councils, has awarded £11,000 of funding to fellow Bondholder Tidyco Ltd to help reduce its carbon emissions by six tonnes per year.

The hydraulic and pneumatic components manufacturer applied for the investment to part-fund the costs of installing a new energy efficient LED lighting system at its premises in Derby. The system uses 60 percent less energy and will save the company £1,740 a year on electricity.

Tidyco applied for funding after it identified an opportunity to make significant cost and energy savings by upgrading the lighting in its premises.

Philip Mason, Production Director at Tidyco, said: “We have worked with the D2 Energy Efficiency team to improve our lighting and save on electrical costs while helping to also reduce our carbon footprint. The whole process from application to the completion of the project was quick and easy."

Martin Rawson, Deputy Leader of Derby City Council, said: “The D2EE project is providing a really valuable service promoting the win-win of reducing businesses’ carbon emissions and saving them money.”

The D2EE project is part funded by the European Regional Development Fund (ERDF) to provide support and grant funding to help small and medium sized businesses in Derby and Derbyshire to reduce their energy use. In addition to funding, the Low Carbon Business Network, hosted by University of Derby Management School, offers assistance in a wide variety of areas, including green funding, public tendering and carbon footprinting.