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…
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Tackling the nature and climate crises is the biggest business opportunity this century, say industry leaders
Business leaders including Deborah Meaden and leaders from NatWest, John Lewis Partnership and the Financial Conduct Authority, are joining the UK’s three leading nature charities WWF, RSPB and National Trust to urge all businesses to act now to tackle the nature and climate crises. Nature is the foundation of the systems that allow businesses to function, yet the UK is one of the most nature depleted countries in the world. Nature loss and climate change are resulting in ecological breakdown at an unprecedented level, creating risks to businesses from supply…
Read MoreNatWest CMO Margaret Jobling to Chair IPA Effectiveness Accreditation
The IPA has appointed NatWest Group CMO and ISBA President Margaret Jobling as Chair of Judges for the 2023 IPA Effectiveness Accreditation scheme. The scheme provides a stamp of approval to agencies and a signal to current and prospective clients that agencies are taking valuable steps to foster an effectiveness culture, making their organisations stronger, fitter and able to deliver their targets. In her role, Jobling will preside over a panel of leading brand owners, academics, authors and renowned effectiveness specialists examining the culture of IPA member agencies across four…
Read MorePinsent Masons advises NatWest in its first sustainability linked asset-based lending facility
Multinational law firm Pinsent Masons has advised NatWest in its first sustainability linked asset-based lending (ABL) facility to Recycling Lives, a UK recycling and waste management business. Recycling Lives turned to NatWest for a new financing package for refinancing and working capital purposes, working with their board of investors, Three Hills Capital Partners, and EY. This facility provides liquidity for Recycling Lives growth plans while reflecting commitment to help build a greener and fairer economy. The NatWest team structured a £40.3 million ABL facility to provide liquidity to refinance existing…
Read MoreNatWest and Meta launch package of support for female entrepreneurs
NatWest and Meta’s partnership offers crucial support to female entrepreneurs and comes soon after the Rose Review’s recent update stating that more help is needed to boost the number of female businesses. NatWest and social technology company, Meta, have launched a partnership to offer financial readiness training and other support to female business owners. This is available to all female entrepreneurs via Meta’s #SheMeansBusiness programme, which also provides digital skills training and opportunities to expand business connections and networks. This builds on NatWest and Meta’s strong track-records on supporting women in business…
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