Member Article

RBS launch £200m Carbon Reduction Fund

RBS has launched a new £200m Carbon Reduction Fund supported by the Government’s Funding for Lending scheme.

The fund will be used to help UK businesses reduce energy costs through technology, including retro-fitting properties with efficiency devices and supporting renewable generation of electricity.

The fund is aimed at helping businesses with a turnover of £25m and RBS hope it will cement their position as a lender to renewables projects.

Chris Sullivan, CEO of RBS Corporate bank said: “Businesses of all shapes and sizes can make significant savings from being more efficient as energy costs continue to rise. We hope to offer businesses both an incentive and a solution to transforming their energy use and carbon footprint.

“We’ve seen huge benefits within our own business here at RBS from introducing energy efficiency measures and the sourcing of energy from renewable sources.”

Jane Stevensen, Director of Sustainability for Grant Thornton added: “With the Energy Bill just announced last week and mandatory carbon reporting coming in from next April, this sort of innovation in sustainable financing has the potential to open up opportunities for businesses at a really advantageous time.”

This was posted in Bdaily's Members' News section by Tom Keighley .