A total of €2m in funding has been announced for small and medium-sized businesses to invest in energy efficient lighting. 

The grant, administered by the Sustainable Energy Authority of Ireland (SEAI), will cover 30% of the cost of upgrade work and can help save up to 60% on lighting costs.

The grant is open to all small and medium-sized businesses including retailers, the hospitality and tourism sector, private health and education facilities, and manufacturers.

The Minister for Communications, Climate Action and Environment Richard Bruton said that decarbonisation can be a challenge for business.

"However adapting to the changes that are needed is now crucial for businesses to secure their competitiveness and prosperity in the long-term. Lighting is a great place to start," the Minister said. 

"Collectively SMEs spend over €2 billion annually on energy. Individual companies stand to save up to 60% on their lighting bills by making these upgrades," he added. 

Jim Gannon, CEO of SEAI, said that after staff costs, lighting is the second highest cost for many businesses. 

"Improving the energy efficiency of lighting helps businesses to cut costs, frees up resources that can be invested in more productive activities, and makes them more resilient and competitive," he stated. 

He said that over 200 businesses have benefitted from support through SEAI's lighting grant, generating cost savings of €2.7m.