Better Building Finance is a shared service provider for Environmental Upgrade Finance (EUF). We work with local governments to help them offer this innovative form of finance, creating more sustainable businesses across Australia.

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Environmental Upgrade Finance

Who we are

Better Building Finance is an expert shared service provider of Environmental Upgrade Finance (EUF).

As a council partner, we work with lenders and businesses to manage every part of the EUF process, from application to final payoff.

By providing access to better finance, we make it easy to upgrade buildings to be better for staff, the community, and for the environment.

Our purpose is to create more sustainable businesses across Australia.

Find out more

Better Building Finance received funding from the Department of Industry, Innovation and Science as part of the Energy Efficiency Information Grants Program. The views expressed herein are not necessarily the views of the Commonwealth of Australia, and the Commonwealth does not accept responsibility for any information or advice contained herein.

For the purpose of promoting the uptake of Environmental Upgrade Finance to local government, property owners and service providers, Sustainability Victoria (SV) endorses the content (including downloadable) of This endorsement does not extend to nor does it preference any particular lender or service provider listed on this website.

Better Building Finance is powered by the Sustainable Australia Fund (SAF), Australia's leading provider of Environmental Upgrade Finance (EUF).

Low cost business finance

Environmental Upgrade Finance (EUF) enables businesses and building owners to borrow money with very favourable terms so they can upgrade their buildings to save on energy, water and waste. It involves an Environmental Upgrade Agreement (EUA) between the building owner, financier, and local council. It's a new and growing form of finance designed to make existing buildings better.

What is Environmental Upgrade Finance?

The benefits of Environmental Upgrade Finance are:

  1. No upfront capital or security
  2. Fixed rate, long-term loan terms with low annual repayments
  3. Option to share costs between owners and tenants
  4. Repayments are collected through council rates
  5. Every loan is legislated to deliver a positive environmental outcome

Learn more

Explore how others have benefitted


How much can businesses save?


Calculator results

Cash flow

  • EUF
  • Interest+Principal
  • Interest Only

Upgrade cost/benefit

Project cost:
Energy savings:
$ (per year)

Cash flow (1st quarter)

Traditional finance:
$ (Interest only)
$ (Interest + principal)
$ (no tenant contribution)
$ (with tenant contribution)

Disclaimer: This comparison calculator is provided for illustrative purposes, and is for electricity costs only. It must not be relied upon for decision making. For the most appropriate solutions related to your circumstances, consult a qualified professional for advice related to undertaking a building upgrade, or the financing of that upgrade. Calculations do not include other costs you may incur such as additional bank or council fees, or building upgrade management costs. The comparison calculator uses the following figures: Environmental Upgrade Finance interest rate=5.9%, Bank loan interest only rate 5.45%, Bank loan interest+principal rate=5.45%, Electricity retail price growth = 2.5%/year. If any of these assumptions are changed, a different result will be obtained. Depending on the changes, this may mean the actual benefits to you are more or less than shown by the comparison calculator.

Comparison calculator

Which councils offer EUF?

Enter a postcode to check if EUF is available in that area