Funding Options, the leading platform for business finance, has just launched the UK’s first Green Finance marketplace.
With UK SMEs responsible for approximately 25 percent of the nation’s CO2 emissions, lenders including Swishfund and Cambridge & Counties Bank have joined the platform’s Green Lender panel to help businesses source the right funding to achieve their sustainability goals. This initiative reinforces Funding Options’ commitment to drive sustainability in the SME lending market by connecting businesses to the funding they need to help them reach net zero.
The Green Finance marketplace will help to bring greater transparency and awareness of the funding options available to support SMEs - with financial products increasingly rewarding businesses that consciously seek to reduce their carbon footprint. Representing 99 percent of all UK businesses, SMEs will play a critical role in meeting the country’s climate goal of net-zero emissions by 2050.
Simon Cureton, CEO of Funding Options, comments, “Funding Options sits at the heart of the SME lending ecosystem, giving us the power to ensure ‘green demand’ is met with ‘green supply’ through our data-driven Funding CloudTM platform. Data analytics and open banking APIs help to ensure that green borrowers are matched with the appropriate lenders, incentivising SMEs to focus on their environmental footprint. We are in agreement with the UK Government that small and medium-sized enterprises are the economic backbone of the UK and so providing access to the best funding options will greatly assist them to implement more sustainable processes, business models and consumption patterns, paving the way for a green future.”
Read the full press release here>