£200m to help business cut energy costs

£200m to help business cut energy costs

We have launched a £200 million Carbon Reduction Fund to help businesses reduce their energy costs.

10 December 2012

The fund, run by RBS Corporate & Institutional Banking, will finance a range of sustainable energy projects including retro-fitting buildings with more energy efficient heating and lighting. It will also help companies introduce on-site wind power and ground source heat pumps.

The new fund is backed by the Government’s Funding for Lending scheme which allows us to offer lower lending rates to businesses.

RBS was the biggest lender to UK renewable projects in 2011, and we have embarked on a number of energy efficiency measures within our own business.

"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."

Chris Sullivan, Chief Executive of Corporate Banking

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