NatWest has today announced plans to provide an additional £1bn in lending to the UK manufacturing sector by the end of 2030 in a bid to accelerate the roll out of clean technologies in support of net zero targets.
The banking giant said the funds would be made available to assets, activities, and companies that are aligned with NatWest Group’s Climate and Sustainable Funding and Financing Inclusion Criteria, which underpin its efforts to at least halve the climate impact of its financing activity by 2030 and deliver a net zero emission portfolio by 2050 at the latest.
The investment drive is set to be supported by a new partnership between NatWest and the Warwick Manufacturing Group (WMG), which will see the organisations pilot a programme to help manufacturers deploy the bank’s Business Energy Aid Toolkit programme to track energy use and identify areas where efficiency gains can be made. Businesses
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