Lloyds Bank provides £2bn fund for sustainable investment

Posted on 14 May 2018 by Jonny Williamson

£2bn of new funding to help UK businesses invest in a more sustainable future and increase productivity has been announced today (14 May) by Lloyds Banking Group.  

The LLoyds Bank finance scheme aims to deliver the most inclusive UK green funding in the market – image courtesy of Depositphotos.

The Clean Growth Finance scheme aims to deliver the most inclusive UK green funding in the market by providing the incentive of discounted lending to help businesses invest in reducing their environmental impact as well as boosting productivity more generally.

The funding will support all Commercial Banking clients across multiple ‘green lending’ ambitions allowing businesses to:

  • Reduce carbon and greenhouse gas emissions for business processes, properties and infrastructure
  • Increase energy efficiency and make environmental sustainability improvements
  • Invest in low carbon vehicles and transport
  • Improve water efficiency
  • Reduce waste and improve recycling rate

The announcement brings Lloyds Banking Group’s total ‘green’ commitment to £3bn and builds on the existing £1bn support to improve the energy efficiency of large Commercial Real Estate, and the Helping Britain Prosper plan pledge to support projects powering 5m homes through renewable energy by 2020.

The Group has also partnered with the University of Cambridge Institute for Sustainability Leadership to provide specialist training to more than 300 relationship managers to help them support clients’ transition to a more sustainable economy.

David Oldfield, group director Commercial Banking, said: “Businesses will continue to be a source of innovation and seize the opportunities presented by the global low carbon economy.

“Our funding will support small improvements in production, heating, transport, or environmental impact, right through to large scale renewable energy infrastructure.”

The Manufacturing Innovation Summit 2018 

The Manufacturing Innovation Summit brings together Directors, executive managers and heads of business units in an interactive format that sits delegates alongside some of the UK’s most experienced directors and experts from world class solution providers – with an emphasis on expertly-led small group discussions.

When: 20 June 2018

Where: Exhibition Centre Liverpool

For more information, please click here.