Our local authority lending must meet the first three of our investment principles:
Investment principle 1 - The investment supports the government's growth and clean energy missions
Investment principle 2 - The investment is in capital intensive projects, businesses or assets
Investment principle 3 - The investment is intended to deliver a positive financial return
We prioritise four sectors: clean energy, advanced manufacturing, digital & technologies and transport
We have a particular ambition to work with local authorities delivering building decarbonisation, heat networks, green transport and mixed infrastructure projects.
Why speak to us
Flexible borrowing terms
We offer the option to:
- stagger drawdowns that can be matched to project payment milestones during an initial availability period
- take a repayment holiday that allows the borrower to roll interest payments into the principal of the loan during the early phases of the project
- sculpt repayment profiles that match principal and interest payments with the cashflows of the project
Independent project review
Our approval process:
- provides an independent view of a project’s viability
- can be completed in 10-12 weeks and timed to align with the borrower’s internal governance processes
- leverages local authorities’ business case process to minimise the burden on the borrower
Efficient pricing
We offer:
- current pricing of gilts + 40bps (40bps lower than the Public Works Loan Board in most cases)
- the option to fix borrowing costs at financial close or at individual drawdowns
- loans without any arrangement or commitment fees
If you would like to discuss your infrastructure project and explore how we may be able to assist, please contact the team.