HomeArticlesNatWest to lower the threshold for green loan applications
NatWest to lower the threshold for green loan applications
From October, NatWest will lower the threshold for green loan applications to £25,000, to help qualifying SMEs invest in sustainable energy solutions such as solar panels, electric vehicles, improved insulation or heat pumps.
To support SMEs on their journey to lower emissions, NatWest has partnered with the Federation of Small Businesses to analyse the impact and provide measures to alleviate the effect of the energy crisis.
From October, NatWest will lower the threshold for green loan applications to £25,000, to help qualifying SMEs to invest in sustainable energy solutions such as solar panels, electric vehicles, improved insulation or heat pumps.
Alongside this, the firm will provide £100 billion of Climate and Sustainable Funding and Financing to customers by the end of 2025.
“While the Energy Bill Relief Scheme offers key support for the day-to-day operation of business, it will not help in their transition away from fossil fuel reliance. This transition is of particular importance with the latest data from NatWest’s Sustainability PMI report having revealed that more than half of UK SMEs (51%) reported investing in green energy as a high priority for the year ahead, the largest percentage in the survey history.
Martin McTague, chair of the Federation of Small Businesses.
Great news! You’ve completed our efficient Workplace Energy Efficiency Checklist and are on your journey of reducing energy bills and cutting carbon emission. You’ve now reached that point where you are ready to get started on more substantial and long-term green investments.
Understanding your heating controls Heating controls are essential for achieving energy efficiency in buildings. By understanding how these controls work, you can avoid wasting energy in unoccupied spaces or having competing heating and cooling running at the same time. Manuals for heating controls can be found on a manufacturer’s website. Ensure staff know which of…
This support offer has come to end as of December 2022. As energy prices skyrocket for businesses, we’ve gained new funding to support organisations in Oxford City. If you have a building in Oxford City and want fully funded energy efficiency support, you should get in touch. Our experienced team can provide energy assessments and…
The UK government is committed to aiding businesses by providing financial support geared towards addressing challenges related to energy bills, financing schemes, and tax incentives for energy efficiency investments. This government initiative is designed to benefit your business by facilitating energy efficiency investments that have the potential to significantly reduce costs over an extended period.…
Running your Small or Medium-sized Enterprise (SME) is not easy. As a SME owner who would like to make your business more sustainable, you’ve probably come to realise that there are three hurdles you face: limited time, limited money, and limited sustainability knowledge.