Affordable Business Finance
Legislated Environmental Impact
Better Buildings For All

Environmental Upgrade Finance (EUF) is a new and growing form of finance designed to make existing buildings better. It 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.

What is Environmental Upgrade Finance?

  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
Better Building Finance

How does it work?

EUF involves an Environmental Upgrade Agreement (EUA) between the business owner, their local council, and a lender. Better Building Finance facilitates it all, from connecting building owners with lenders, to facilitating repayments with councils.

  1. Business owner scopes building upgrade project in participating council area
  2. Better Building Finance connects owners with participating lenders
  3. Lender provides capital for project
  4. Owner (and/or tenant) makes repayments via an Environmental Upgrade Charge (EUC) on council rates
How EUF works

What can be Funded?

Environmental Upgrade Finance can be used to fund a broad range of upgrade works, from solar, waste, and water, and much more.

If the works improve the energy, water, environmental efficiency or sustainability and are attached to an existing building, it will likely qualify. Popular projects include:

Building Upgrades

Building fabric insulation upgrade
Cool roof coating
External solar shading
Green roof installation
High performance windows
Reduce building infiltration / exfiltration

Energy Source

  • Hot Water technology upgrade
  • Reduced carbon on-site energy source
  • Grid-connected renewable energy, with or without battery storage.
  • Solar thermal hot water
  • Power factor correction


  • Lighting control upgrades
  • Lighting technology upgrade

Plant Upgrades

  • Drive and fan efficiency upgrades
  • Duct testing and sealing
  • Ducting and piping insulation
  • HVAC efficiency via control upgrade
  • HVAC technology upgrade
  • Permanent high efficiency commercial appliances
  • Permanent refrigeration upgrades
  • Pool efficiency upgrades


  • Blackwater system
  • Greywater system
  • Rainwater system
  • Water efficiency measures