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Birmingham Post
Birmingham Post
Business
Sion Barry

Development Bank of Wales launches new £10m green fund

Development Bank Development Bank of Wales Wales

The Development Bank of Wales has launched a new £10m fund to help firms decarbonise. The Green Business Loan Scheme from the development bank, which is wholly-owned by the Welsh Government, will offer discounted interest rates and flexible repayment dates. The ambition is to invest the funding over the next three years.

Projects which could be supported by the debt fund, which has been created from the bank’s existing funding capacity, include:

  • Investing in renewable energy technology.
  • Improving the fabric of premises and energy efficiencies within the building;
  • Upgrading systems or machinery to reduce energy use; and
  • Water usage and waste reduction/improvements
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