National Wealth Fund (NWF)
National Wealth Fund (NWF)
The National Wealth Fund (NWF) is a government-owned entity dedicated to driving investment and growth across the UK, with a capitalisation of £27.8 billion. The NWF provides a range of financing tools, including loans, guarantees, and equity investments, to support projects that align with its mandate of regional and local economic growth and clean energy.
Status: Open
About
Category: Loans & bonds
Type of financing: Debt financing
Eligible applicants:
- Local authority
Terms
Minimum amount: £5,000,000
Maximum amount: (not specified)
Return requirement: Yes
Maximum loan term: 50 years
Rate: Gilts + 40 basis points
Market leading interest rate (40 basis points lower than Public Works Loan Board in most cases) with no arrangement or commitment fees payable by the borrower.
Projects are prioritised based on their alignment with strategic objectives, the likelihood of their success and their ability to positively contribute to the intended outcomes. There is also consideration for the level of ambition of a project and whether it could offer innovative solutions that can be replicated by other local authorities.
Eligibility
Eligible projects:
- Domestic fabrics and energy efficiency
- Domestic heat decarbonisation
- Heat network
- Non-domestic fabrics and energy efficiency
- Non-domestic heat decarbonisation
- Other
- Renewables (PV)
- Smart Local Energy Systems (SLES)
Please note: the Green Funding and Finance Finder may not be absolutely comprehensive. We strongly advise you to confirm all details directly with the relevant fund managers.
Green Funding & Finance Finder
Find more green funding and finance opportunities for your net zero project in the Green Funding & Finance Finder.
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