RBS starts £200m fund for green energy projects
Monday 10 December 2012
Royal Bank of Scotland hopes to do its bit for the environment by launching a £200m Carbon Reduction Fund to help businesses reduce energy costs.
It plans to finance a range of sustainable energy projects from retro-fitting buildings with more energy efficient heating and lighting to on-site wind power and ground source heat pumps. The fund is backed by Funding for Lending, so RBS will be able to lend at lower rates.
RBS's corporate and institutional banking division is running the fund and will lend to businesses with a turnover of more than £25m.
Chris Sullivan, chief executive 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.
RBS said it was the biggest lender to UK renewable projects last year and has embarked on a number of energy efficiency measures within its own business.
- 1 East 17 bandmember Brian Harvey in 'very desperate situation’
- 2 Is this bridge haunted by the ghost of nu rave?
- 3 Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
- 4 The West has it totally wrong on Lee Kuan Yew
- 5 Scientists have discovered a simple way to cook rice that dramatically cuts the calories
East 17 bandmember Brian Harvey in 'very desperate situation’
Vladimir Putin says Russia will fight for the right of Palestinians to their own state
Is this bridge haunted by the ghost of nu rave?
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
Saudi Arabia says it won't rule out building nuclear weapons
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
Revealed: Putin's army of pro-Kremlin bloggers
The West has it totally wrong on Lee Kuan Yew
iJobs Money & Business
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...
£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...