Green Asset Finance
Discounted asset finance for electric vehicles, energy-efficient equipment, renewables and more.
What is green asset finance?
Green asset finance is a type of asset finance that allows you to buy equipment and vehicles to help you achieve your sustainability goals. It allows you to spread the cost over time so you don’t pay the full amount upfront.
To help you make progress on your sustainability plans, you’ll pay a lower interest rate as long as the asset is used to reduce the environmental impact of your business. We can offer you:
- 0.25% discount for SMEs (<£100m turnover);
- Up to 0.20% discount for larger businesses and corporates (>£100m turnover).
Our Asset Finance solutions are provided by Lloyds Bank.
How can green asset finance help your business?
Support sustainability
Finance the assets you need to support the transition to a low-carbon business.
Spread the cost
Regular payments make it easier to budget and manage cash flow.
Reduced interest rates
Discounted interest rates for five years if asset supports qualifying green purposes.
What can you use green asset finance for?
Electric vehicles
From vans and cars to coaches and HGVs; using electricity, hydrogen, or biofuels; finance the vehicles that meet your future business needs, along with the associated infrastructure.
Energy generation
Generate and store your own electricity, with finance for renewables such as solar photovoltaic (PV), biomass boilers, geothermal energy, wind turbines, and battery storage.
Agriculture
Reduce your carbon footprint by financing anything from water and waste management systems and glasshouses, to sustainable machinery and robotics.
Manufacturing equipment
Make the switch to machinery that's energy efficient or supports the production of sustainable products or circular economy adapted products and technologies.
General buildings
Finance sustainable improvements to your business buildings, from space and water heating – including heat pumps – to smart meters for electricity, and LED lighting.
Construction and industrial equipment
Reduce your carbon emissions with transitional construction equipment and cranes, or circular economy adapted products and production technologies.
Does your business qualify for green asset finance?
- Available to new and existing Bank of Scotland customers.
- The asset must be for use in your business and linked to a qualifying green purpose
- The minimum funding amount is £25,001.
- You must have been trading for a minimum of 24 months and be UK-based.
Qualifying green purposes
Finance is available for assets that support:
- Reduction in carbon and greenhouse gas emissions for core business processes, properties and infrastructure.
- Energy efficiency, renewables, environmental sustainability improvements or production of related products.
- Investment in low-carbon vehicles and transport.
- Investment to improve water efficiency.
- Investment to reduce waste or improve recycling rate.