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Barclays offers retailers 'green' cash back loans

Barclays has made £50 million worth of loans available to businesses undertaking investment in sustainability projects in the UK. Those that sign up will benefit from a cash back payment.

The scheme is available for loans between £100,000 and £8.5 million. Cash back payments range from £600 to £51,000 for a range of capital expenditure projects that cost between £200,000 and £17 million. Green investments could include low carbon plants or machinery, or relocation to more energy efficient premises.

Richard Lowe, corporate director for retail and wholesale, Barclays Commercial Bank said: "The bottom line benefits to retailers operating more responsibly are becoming increasingly acknowledged. Our research shows that 30% of UK retailing companies now see the green agenda as an opportunity rather than a challenge. We are committed to supporting customers that are reducing their environmental impact and this scheme will further encourage sustainable business practices by reducing the cost of borrowing."

The Barclays loan scheme runs in partnership with the European Investment Bank (EIB).

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