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Green Asset Finance
Discounted asset finance for electric vehicles and energy-efficient equipment to support sustainability.
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.
As it’s part of our Clean Growth Financing Initiative (CGFI), you’ll pay a lower interest rate as long as the asset is used to reduce the environmental impact of your business.
How can green asset finance help your business?
What can you use green asset finance for?
Electric vehicles
From mopeds and cars to coaches and HGVs using electric, hydrogen, hybrid or biofuels.
Heating systems
Biomass boilers, ground source heat pumps, water or air source heating and solar water heating.
Manufacturing equipment
Machinery that improves efficiency, reduces environmental impact or supports the production of sustainable products.
Does your business qualify for green asset finance?
- Available to new and existing Lloyds Bank 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.
More from Asset Finance
How Asset Finance can help you grow
We explain what Asset Finance is, and how you can use it to finance vehicles or equipment that can help grow your operations.
How to grow your business
To grow a resilient business that’s around for the long term, you must plan for sustainable growth. That means understanding the current situation and having a vision for the future.
Important Legal Information
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.