British Gas has joined a consortium, alongside NatWest, Places for People, Sero and Tallarna, aimed at revolutionising the retrofitting of social housing. The trial, which will be desktop piloted on 1,000 homes owned by Places for People, will see a new financial model look to quantify the environmental, financial and health benefits for residents while acting as a real-world testbed for reducing the upfront cost of net zero for landlords. The approach will potentially bring energy savings to social housing residents and reduce the upfront cost barrier by exploring alternative…
Read MoreTag: Natwest
Tesco and NatWest join forces to help farmers reduce costs and decarbonise
Tesco, the UK’s leading supermarket and NatWest, the largest UK bank for business and one of the largest for the farming sector, have today launched a new discounted climate and sustainable finance scheme for 1,500 of the retailer’s farmers, providing them with preferential rates on finance to help them switch to sustainable farming methods, including installing renewable energy sources, such as solar panels and wind turbines, and fossil fuel-free heating or cooling systems, such as heat pumps. The voluntary programme, which has been designed with farmers’ input, will see farmers…
Read More£1m safety net for domestic abuse survivors as SafeLives and NatWest renew crucial frontline fund
SafeLives, the UK-wide charity dedicated to ending domestic abuse, for everyone and for good, has announced the three-year renewal of its successful Circle Fund, thanks to a further £1m donation from NatWest. Designed by services and survivors, the Circle Fund provides fast, flexible and impactful grants of up to £500 to answer victims’ individual needs, delivered via a network of frontline services. Since NatWest’s initial £1m donation in 2020, 137 frontline services across the UK have now accessed the Circle Fund, directly supporting over 4,000 survivors of domestic abuse. This includes specialist services…
Read MoreNatWest tool to help businesses save energy and carbon this winter
NatWest has launched an Energy Help and Support tool to help UK businesses reduce their energy usage, cut their carbon emissions and potentially save money on their energy bills this winter. Research from the bank has found that 45% of small businesses say rising energy prices will be a significant challenge in 20241. NatWest’s new digital solution enables the UK’s 5.5 million businesses to review their premises’ energy efficiency and access tailored recommendations which could help reduce their energy costs and carbon footprint. The tool uses a business’ postcode to…
Read MoreUK’s energy supply needs over £900 billion investment to reach net zero by 2050, NatWest and BCG report says
The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 20501, opening up a significant opportunity for public and private capital in enabling a successful transition, according to a new report published by NatWest and Boston Consulting Group (BCG) recently. Signalling the scale of investment needed, NatWest and BCG said the shift to a net zero energy supply is likely to involve significant investment in renewable generation, network infrastructure and new technologies such as energy storage systems, carbon capture and storage, and…
Read More