Lloyds Bank launches £1bn fund for deploying energy efficiency measures across commercial properties

One of the UK's best-known banking groups has just announced the launch of a new £1 billion fund designed to help owners of commercial real estate improve the energy efficiency of buildings.

Lloyds Bank will support its clients' adoption of energy-saving measures by providing loans of £10 million and above, but companies will have to pass an eligibility test first. The bank expects the initiative to help cut carbon emissions by around 110,000 tonnes, equivalent to the annual energy use of more than 22,000 homes.

James Garvey, Managing Director, Head of Capital Markets at Lloyds Bank said: "With the built environment responsible for almost 40% of energy consumption as well as 36% of carbon emissions in the UK, incentivising and supporting green improvements for our real estate clients is a priority area of focus.

"At the same time, we see significant investor interest in green and sustainable assets across the capital markets spectrum. Therefore, we want to continue to take the lead in innovating products in order to help spur growth in this essential market."

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Achieving energy savings within the non-domestic sector can be easily achieved by implementing advanced advanced BEMS (Building Energy Management System) solutions, and this is exactly where the HeatingSave system might prove its worth, since our solution allows customers to achieve immediately savings of up to 30%+ on their energy bills.

This is achieved by optimizing the energy consumption levels within any building with the help of an advanced heat-loss algorithm that creates a specific profile for any building and based on that, switches heating on later if its warm and off earlier if its cold.

It also automatically adjusts your boiler depending on how warm it is outside — save up to another 10%.

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