Lloyds launches £2bn finance scheme to help businesses be more environmentally friendly

Lloyds Bank. Picture: Chris Hill.

Lloyds Bank. Picture: Chris Hill.


UK businesses hoping to become more sustainable can benefit from a £2bn funding scheme from Lloyds Banking Group.

The clean growth finance scheme will give discounted lending to help businesses invest in reducing their environmental impact.

The funding will support all Lloyds commercial banking clients across “green lending” ambitions such as reducing carbon and greenhouse gas emissions, increasing energy and water efficiency, investing in low carbon transport and reducing waste.

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

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

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