Lloyds Bank Announces Further £2 Billion Funding for Sustainable Investment
Lloyds Bank has announced £2 billion of funding to help UK businesses invest more sustainably as part of the Clean Growth Finance Scheme. Lloyds said: “The Clean Growth Finance Scheme aims to deliver the most inclusive UK green funding in the market by providing the incentive of discounted lending to help businesses invest in reducing their environmental impact as well as boosting productivity more generally.” This new round of funding raises the bank’s commitment to drive sustainable investment in the UK to £3 billion, building on the existing £1 billion of support to improve the energy efficiency of large Commercial Real Estate and the Helping Britain Prosper plan pledge to support projects powering 5 million homes through renewable energy by 2020.
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