The plan will provide low-interest loans to small businesses and tax cuts to encourage companies to invest in energy-saving equipment.

Implementing energy-saving equipment in new hotels and existing properties during renovation.

The package offers tax incentives to encourage companies to invest in automation and energy-saving equipment.

Higher energy taxes can be expected to reduce economic growth because they encourage investment in energy-saving equipment that might otherwise have gone into productive capacity.

Eligible businesses that have been trading for at least 12 months may be able to borrow from £3,000 to £100,000 to buy energy-saving equipment.

About 50 percent of restaurant operators have bought energy-saving equipment in the last two years, the association reports.

The upgrades include replacing old electrical, heating, and plumbing systems with more modern, energy-saving equipment.

Using energy-saving equipment will help reduce your energy bills, saving your business considerable sums of money in the long term.

The Treasury is understood to be resisting small budget increases necessary to install the energy-saving equipment.

You may also be eligible for tax breaks, if you invest in certain energy-saving equipment.