23 February 2022
Financial support offered by bank
NATWEST has launched a new, subsidised green loan scheme that will provide all UK SMEs, no matter who they bank with, the financial support needed to lower their carbon emissions and grow their businesses.
The green loans - which offer borrowing with no arrangement fee, will remove the barriers that SMEs face when it comes to investing in renewable agriculture options.
Customers do not need to be existing NatWest customers to apply, and the green loan proposition 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 new propositions are designed to open up opportunities for sustainable growth options for qualifying SMEs and reflect the societal benefit of delivering climate action. To apply, qualifying SMEs will work directly with a NatWest or Lombard Relationship Manager to discuss their needs and check their eligibility.
Paul Thwaite, CEO of Commercial Banking, NatWest Group said:
“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. 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."