NatWest to Provide Financial Support for Small Businesses Looking to Go Green | Features and Analysis

Natwest has unveiled two financial proposals for small businesses looking to grow their sustainability credentials.

It is launching green loans and, through specialist asset finance provider Lombard, green asset finance proposals for eligible SMEs, with no set-up fees.

The new proposals are designed to open up opportunities for sustainable growth options for eligible SMEs and reflect the societal benefits of climate action. To apply, eligible SMEs will work directly with a NatWest or Lombard relationship manager to discuss their needs and verify their eligibility.

Clients do not need to be existing NatWest clients to apply, and the Green Loan proposition will be available on the NatWest, Royal Bank of Scotland and Ulster Bank NI brands, while Green Asset Finance will be available through the Lombard brand.

Information on how to apply for a green loan or green asset financing is available on the NatWest Climate Center which offers advice, ideas and tools to help all UK SMEs act now to tackle climate change, reducing emissions and unlocking opportunities for green growth.

Paul Thwaite, NatWest Group CEO, Commercial Banking, said: “Climate change is one of the biggest global challenges we face today, and SMEs have a vital role to play in helping the UK achieve its green ambition. The reality is that even if SMEs want to help by reducing emissions, they face many obstacles, such as limited access to information, financing and training.

“We are working to remove these barriers with concrete action – offering incentives, such as loans and asset finance, that aim to support sustainability ambitions and benefit companies, whether they do business with NatWest or not.

“We are announcing our ambition to support small businesses in the UK to help them reduce their emissions and explore the opportunities that a shift to a green economy offers us all. We cannot underestimate the power of small changes to have a big impact.

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