This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Barclays offers £50m in loans for environmental initiatives

30 April 2008

Barclays Commercial Bank has launched a loan that offers businesses a cash back payment when they take out finance for initiatives that benefit the environment. Working in partnership with the European Investment Bank (EIB), Barclays Commercial Bank is making £50m available to businesses undertaking investment in sustainability projects in the UK.

The loan is offered after Barclays research shows that a third of UK manufacturers now see the green agenda as an opportunity. Businesses can benefit from cash back payments ranging from £600 to £51,000 for a range of capital expenditure projects that cost between £200,000 to £17m*, whether it be investment in low carbon plants or machinery, or relocation to more energy efficient premises.

Ray O’Donoghue, Head of Manufacturing, Barclays Commercial Bank, said: "The bottom line benefits to manufacturers operating more responsibly are becoming increasingly acknowledged. Our research shows that 32 per cent of UK manufacturing companies now see the green agenda as an opportunity rather than a challenge. We are committed to supporting customers that are reducing their environmental impact and this scheme will further encourage sustainable business practices by reducing the cost of borrowing"

The scheme is available for loans between £100,000 and £8.5 million, with a minimum term of five years. It must support a capital investment project that has not previously received EIB benefit and is applicable to businesses that have fewer than 250 employees.

This scheme is part of Barclays Commercial Bank’s environmental proposition which includes access to Barclays Capital’s award winning carbon emissions trading. Businesses can go to www.barclayscommercial.com/environmentfor further guidance on environmental issues.

Barclays Commercial Bank is also sponsoring the Green Leaders in Business Awards, a search for UK and Ireland’s top businesses that are developing and implementing innovative new solutions to help the environment. Companies wishing to enter the awards have until 9th May 2008 to complete and return their applications. www.barclayscommercial.com/greenleaders



Contact Details and Archive...

Print this page | E-mail this page

https://www.fsifm.com
https://www.floorbrite.co.uk/


MOST VIEWED...

View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

PFM Partnership Awards 2021 winners

Last night saw the first live presentation of the PFM Partnership Awards since 2019 and the evening was hailed as a great success....
Article image

Zero carbon increasingly influencing contractual agreements

With the UK continuing to increase its efforts to achieve net zero carbon emissions by 2050, these efforts can be seen to be increasing their influence on ...
Article image

Global standard for reporting of carbon emissions in buildings published

Launch of the International Cost Management Standard (ICMS3) universal standard for the reporting of carbon emissions resulting from the construction and l...
Article image

Duty of care for home workers update issued by HSE

Employees working from home are entitled to the same duty of care from employers as they would be if working from a company-owned or run facility, says the...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
https://www.uhubglobal.com/
http://edition.pagesuite-professional.co.uk/Launch.aspx?PBID=78915b1c-0f11-4b5e-9468-ba601ad89761