Green loans fuel growth at Capital Credit Union – Daily Business

Capital Credit Union (CCU) says demand for energy-efficient homes has fuelled unprecedented growth to its loan book.

CCU introduced its green loan in April last year, and while initial uptake was modest at £90,000,
the initiative has since achieved remarkable growth.

The green loan book now stands at more than £3 million, with a further £1m in the pipeline, after being deluged with applications. The organisation is now looking to secure a total of £5m in green loans by the end of this year.

The green loan is targeted at those who want to upgrade to energy-efficient heating systems, install solar panels or make eco-conscious home improvements.

CCU’s Interim CEO, Samantha Homer, said: “There has been unprecedented interest in our green loan and this remarkable growth underscores our commitment to helping members invest in sustainable technologies.

“By offering competitive rates and flexible terms, we’re not only reducing carbon footprints across Scotland, but also ensuring our members reap the long-term cost savings of green energy.”

This growth has been boosted by a partnership launched in August last year with heating qnd renewable energy experts, the Greener Energy Group.

Its managing eirector, Peter Chalmers, said: “Partnering with Capital Credit Union has been a game-changer for accelerating Scotland’s transition to renewable energy.

“Growth in just one year reflects a genuine drive to empower homeowners and businesses to adopt low-carbon solutions”.

“Together, we’re breaking down financial barriers, making it easier for people to fund solar, air-source heat pumps, and other sustainable upgrades.

“When financial institutions and green energy specialists collaborate, we can deliver real impact: lowering bills, reducing emissions, and creating a healthier environment for everyone.”