NatWest introduces ‘green loans’ for SMEs

NatWest has launched green loans and asset finance for SMEs that are investing in eligible clean buildings, energy, transport, and agriculture.

The launch comes after the bank announced a £100 billion climate and sustainable funding and finance ambition. NatWest also recently published a report which revealed that 34 per cent of the UK SMEs surveyed think access to more sources would make the "biggest impact" in helping them reduce carbon emissions.

Green loans will be available across NatWest, Royal Bank of Scotland, and Ulster Bank NI brands, whilst the Green Asset Finance will be available through the Lombard brand.

The bank has also established a new climate hub which includes tips, insights, and tools for UK SMEs to support companies in their journey to tackling climate change.

“Climate change is one of the biggest global challenges we face today, and SMEs have a critical role to play in helping the UK realise its green ambition,” said Paul Thwaite, chief executive, commercial banking, NatWest Group. “The reality is that while SMEs want to help by reducing emissions, they face many barriers doing so such as [limited] access to information, funding and training.”

“We’re working to remove these barriers with concrete actions - providing incentives, such as loans and asset financing that aim to support sustainability ambitions, and aim to benefit businesses whether they bank with NatWest or not.”

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