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