NatWest Group To Provide £1B In Additional Lending To UK Manufacturing To Support Net Zero Transition crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
UK food and drink manufacturers are set to benefit from £1bn in lending to support investment in cleaner more efficient forms of energy generation and use.
NatWest will provide £1bn in lending to help the UK's manufacturing sector transition to cleaner, more sustainable operations to reach the nation's net-zero target. The funding will be available until 2030 for companies that meet NatWest's criteria for net-zero emissions by 2050. The bank's pledge is part of its larger commitment to provide £100bn for climate and sustainable funding and financing by the end of 2025. Manufacturing is responsible for over 60% of direct industrial emissions in the UK, and this funding will be crucial to reducing the sector's carbon footprint.