SME Finance Charter
Privilege Finance responds to the SME Finance Charter
Privilege Finance fully supports the SME Finance Charter. The charter consists of five commitments which outline how UK lenders plan to support their SME customers through Brexit, despite ongoing uncertainty.
The Privilege pledges:
We’re open for business and ready to lend
Privilege Finance has a unique lifecycle approach to project finance, that enables the company to offer flexible and tailored funding solutions to the energy from waste sector. We have a strong financial model which has allowed us to continue and support our customers over the last 18 years. To date, we’ve funded 6,000 customers and have completed 15,000 loans, with a total lending value of over £500 million.
So far this year, we have invested £90 million into new green energy projects and are looking for more projects to be involved with. We believe our lifecycle approach to project finance will enable us to support our customers through the current and future economy uncertainty, providing solutions that will work long-term regardless of Brexit outcomes.
We’ll help you prepare for Brexit and beyond
As a trusted and well-known financial provider with more than 18 years’ experience of providing finance to agricultural sectors, we’ve already helped hundreds of SMEs to deliver successful, commercially viable new projects and acquisitions across the UK.
We pride ourselves on considering each individual project on an entire ‘lifecycle approach’, developing long-term partnerships with our customers and offering technical support and advice at all stages. We help businesses grow no matter the challenges faced, and we’ll help with preparations for Brexit and beyond.
We’ll support your application and signpost other options if needed
Privilege Finance works closely with its customers using SCOPE, the Privilege process, and will provide a complete financial solution when you need it most.
Our network of contacts in the renewables industry enables us to put customers in touch with the right experts. For example, when applying for planning permission, we have established relationships with planning and environmental consultants who can work closely with you to ensure your project is compliant with the required standards.
Click here to find out more about Scope
We’ll treat you fairly at all times
As part of our corporate social responsibility (CSR) statement we’re committed to acting in a responsible manner to ensure that we treat our people with dignity and respect.
Fairness is at the heart of what we do. We follow due diligence procedures to ensure that we offer the best finance options for a project.
As part of the SCOPE process, we offer continued support throughout the entire funding journey.
We’ll work with the government-owned British Business Bank to support SMEs upon request
We are committed to supporting SMEs to develop renewable energy projects. We are open to cooperating with a variety of organisations, including the government-owned British Business Bank should it be required.