Oldfield Advisory reduce energy costs and support growth with £91,000 funding
Published: 14 August 2025
Oldfield Advisory, based in Elliot Court, Herald Avenue, Coventry, has been awarded grants totalling £91,000 through the BEAS and Business Support Programme, delivered by the Business Growth West Midlands (BGWM) team in Coventry.
The funding has supported improvements to reduce energy costs, enhance sustainability, and facilitate business growth. In line with their business expansion plans, they have purchased their new premises at Elliot Court and are using the grant funding to improve energy infrastructure, reduce energy bills, and enhance the workplace environment for employees and visitors.
Established over 45 years ago, Oldfield Advisory is a highly regarded accountancy and business growth specialist, dedicated to transforming the quality of life for small and sized medium-sized business owners through leading tax strategies and a structured advisory programme to help them grow profitability, improve cash flow and build a valuable business in view of exit. The firm had already installed five EV chargers, a feature that has helped the firm attract and retain staff. However, they recognised the need to further improve their energy efficiency and reduce their carbon footprint but were unsure where to begin.
In early 2024, the business contacted BGWM for assistance. Following a free energy audit conducted by Coventry City Council’s energy experts, significant opportunities for energy savings and carbon reduction were identified.
To address these, Oldfield Accountants invested in a new LED lighting system and an upgraded centralised air conditioning system. The total cost of these measures was partially covered by a £66,000 grant from the Business Energy Advice Service (BEAS), funded by the Department for Energy Security & Net Zero (DESNZ). As a result of these upgrades, the business is now saving over £9,000 annually on energy bills, effectively 40% of their total annual spend and has reduced carbon emissions by more than 20 tonnes per year.
In addition to the energy efficiency improvements, the company also received a £25,000 grant towards new office furniture as part of its cutting-edge office fit-out investment. This investment will enable Oldfield Accountants to accommodate additional staff and continue its growth trajectory.
This move is a hugely significant milestone for Oldfield. This investment in our brand-new, cutting-edge workspace, provides an excellent work environment which truly reflects who we are and how we do things. We are extremely grateful for the grant funding - it is a significant boost, and would encourage all businesses to take advantage of it.
Our support is helping Oldfields to grow, attract talent and grow the local economy in a sustainable way. Moving towards a more sustainable future has helped the company to reduce its carbon footprint and save money - but it has also helped them to retain and attract new staff - so it’s a really big win on all fronts.
I’d urge businesses to get in touch and take advantage of the grant support that is on offer - its only available up until the end of March, so it is important to act quickly to secure this support.
