You can access discounted lending for green purposes through Lloyds Bank’s Clean Growth Financing Initiative – which aims to be the most inclusive UK proposition in the market.
What is it?
Funding from Lloyds Bank can support a broad range of investments in sustainable business – from small improvements in environmental impact, right through to large-scale renewable energy infrastructure. For their Clean Growth Financing Initiative, they have teamed up with leading sustainability consultants to develop a list of qualifying green purposes.
Criteria
For businesses with an annual turnover ranging from £3 million to over £25 million, the eligibility criteria includes:
- 0% arrangement fee for Term Lending or up to 25 basis points reduction on the all in fixed rate for Asset Finance for green investment and capital expenditure.
- Available across Term Lending (£25,001 min.) and Asset Finance (£25K min.).
- Sterling lending for new / additional UK capex and investment.
- Loan purpose must be on eligibility list (please contact us for more information).
- Standard product terms & conditions apply.
For businesses with an annual turnover of £25 million +,the eligibility criteria includes:
- Up to 25 basis points margin discount for qualifying green purposes on UK deals.
- Up to 10 basis points margin discount for qualifying green purpose on European deals.
- Discount available for up to 5 years.
- Available across Term Lending (£25,001 min.), purpose Revolving Credit Facilities (£50K min.) and Asset Finance (£25K min.)
- Sterling, Euro and US Dollar lending for new / additional UK and European capex and investment.
- Loan purpose must be on eligibility list (please contact us for more information).
- Standard product terms & conditions apply.
Purpose/Eligibility
The initiative focuses on:
- Reduction in carbon and greenhouse gas emissions for core business processes, properties, and infrastructure.
- Energy efficiency, renewables, environmental sustainability improvements, or the production of related products.
- Investment in low carbon vehicles and transport.
- Investment to improve water efficiency.
- Investment to reduce waste or improve recycling rates.
Lloyds Bank's Clean Growth Financing Initiative is driven by a commitment to:
- Help businesses reduce environmental impacts
- Help businesses move to and benefit from a low carbon economy
- Provide facilities for clear, specific green use
More information about Lloyds Bank's Clean Growth Financing Initiative can be found on their website here: https://www.lloydsbank.com/business/commercial-banking/clean-growth-financing-initiative.html