Direct Lending: additional features
Find out more about our £2 billion Clean Growth Direct Lending Facility.
Clean Growth Direct Lending Facility
UK Export Finance (UKEF) provides direct loans within an overall limit of £8 billion to overseas buyers. Of that limit, £2 billion has been allocated to support clean growth projects.
The UK has a Clean Growth Strategy which defines clean growth as “growing our national income while cutting greenhouse gas emissions”.
UKEF will align its definition of clean growth with the Green Bond Principles.
Each prospective deal will be considered on a case-by-case basis. Below is a list of the types of projects that UKEF may consider to be eligible for the clean growth direct lending facility.
Renewable energy
Including:
- production
- transmission
- appliances and products
Energy efficiency
Including:
- new and refurbished buildings
- energy storage
- district heating
- smart grids
- appliances and products
Pollution prevention and control
Including:
- reduction of air emissions
- greenhouse gas control
- soil remediation
- waste prevention
- waste reduction
- waste recycling
- energy/emission efficient waste to energy
Environmentally sustainable management of living natural resources and land use
Including:
- environmentally sustainable agriculture
- environmentally sustainable animal husbandry
- climate smart farm inputs, such as, biological crop protection or drip-irrigation
- environmentally sustainable fishery and aquaculture
- environmentally sustainable forestry, including afforestation or reforestation
- preservation or restoration of natural landscapes
Terrestrial and aquatic biodiversity conservation
Including:
- the protection of coastal, marine and watershed environments
Clean transportation
Including:
- electric, hybrid, public, rail, non-motorised, multi-modal transportation
- infrastructure for clean energy vehicles
- reduction of harmful emissions
Sustainable water and wastewater management
Including:
- sustainable infrastructure for clean and/or drinking water
- wastewater treatment
- sustainable urban drainage systems
- river training and other forms of flooding mitigation
Climate change adaptation
Including:
- information support systems, such as climate observation and early warning systems
Eco-efficient and/or circular economy adapted products, production technologies and processes
Including:
- development and introduction of environmentally sustainable products, with an eco-label or environmental certification
- resource-efficient packaging and distribution
Green buildings
Including:
- buildings that meet regional, national or internationally recognised standards or certifications
Find out more about UKEF’s Direct Lending Facility.
To discuss eligibility for our support, contact our customer services team. Email customer.service@ukexportfinance.gov.uk or call +44 (0)20 7271 8010.