NatWest has announced that, from today, it aims to provide an additional £1bn in lending to the UK Manufacturing sector by the end of 2030, aiming to stimulate growth in the sector and help manufacturers invest in cleaner, more efficient forms of energy generation and use, with lending deployed through loans, asset finance, and overdrafts.
The assets, activities, companies which are eligible for this £1bn lending are those aligned with NatWest Group’s Climate and Sustainable Funding and Financing Inclusion Criteria. Manufacturing in the UK is responsible for nearly 10% of total economic output, and over 8% of all employment in the UK. However, it is a significant contributor to greenhouse…
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