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Support for clean growth projects

We have £2 billion allocated to support clean growth projects.

How it works

We have expanded our support with new and upgraded products that will benefit British exporters seeking new business in the renewables and clean growth sectors.

We have a £2 billion Direct Lending Facility dedicated to financing clean growth projects overseas, which creates opportunities for UK suppliers and provides favourable financing terms for overseas buyers. We can give overseas renewable projects repayment periods of up to 18 years, nearly double the usual 10-year outlook.

In addition, our General Export Facility and Export Development Guarantee (EDG) can help UK businesses invest in the transition to cleaner technologies without the need of a specific export contract.

Potentially eligible green projects include:

  • Renewable energy
  • Energy efficiency
  • Pollution prevention & control
  • Sustainable management of natural resources
  • Biodiversity conservation
  • Clean transportation
  • Sustainable water and wastewater management
  • Climate change adaptation
  • Eco-efficient or circular economy adapted products
  • Green buildings

Clean Growth Strategy

The UK has a Clean Growth Strategy which defines clean growth as “growing our national income while cutting greenhouse gas emissions”.

We align our definition of clean growth with the Green Bond Principles. Each prospective deal will be considered on a case-by-case basis.

Success stories

Scottish business sets foundations with bond guarantee

With our backing, FoundOcean supplied foundations to a 100-turbine offshore wind farm in Taiwan.

Offshore wind farm

Powering offshore wind potential

We provided a Buyer Credit Facility to support an offshore wind project in Taiwan that used UK suppliers

Powering Turkey’s largest solar facility

A £217 million guarantee will help build the 1.35GW Karapinar solar project.