We supported a specialist engineering business converting diesel locomotives to battery power with a £150,000 Growth Guarantee Scheme loan.
We recently supported a specialist engineering business through the Growth Guarantee Scheme, funding a project to convert diesel locomotives and shunters to battery-powered technology, helping drive cleaner, low-emission transport across the rail industry.
We arranged a £150,000 loan over a five-year term, funded via the Growth Guarantee Scheme. The customer described the funding as a lifeline for the business.
This case is a strong example of how tailored funding can empower innovative businesses to lead the way in sustainability and green technology.
Key Highlights
- £150,000 loan arranged over a five-year term
- Funded via the Growth Guarantee Scheme
- Supported the conversion of diesel locomotives to battery-powered technology
- Described by the customer as a lifeline for the business
If you’re exploring funding options for your next project, or want to find out how the Growth Guarantee Scheme could support your business, get in touch with our team today.