NatWest has pledged to provide an additional £1 billion in lending to the UK manufacturing sector by 2030. The aim is to stimulate growth, support investments in cleaner energy generation, and reduce greenhouse gas emissions. NatWest will offer loans, asset finance, and overdrafts to eligible companies aligned with their Climate and Sustainable Funding and Financing Inclusion Criteria.
Facts
- NatWest commits to lending £1 billion to the UK manufacturing sector by 2030.
- The lending aims to encourage investments in cleaner and more efficient forms of energy generation and use.
- Manufacturing in the UK contributes nearly 10% to the country’s economic output and over 8% of total employment.
- The manufacturing sector is responsible for over 12% of the UK’s greenhouse gas emissions.
- NatWest will provide support to the sector through lending, partnerships, and tailored financial advice.
- NatWest partners with Warwick Manufacturing Group (WMG) to pilot the Business Energy Aid Toolkit program, helping businesses identify and reduce their energy use and emissions.
- NatWest offers a free Carbon Planner tool to help businesses measure their carbon footprint and create emission reduction plans.
