Virgin Money has agreed a new financing partnership with Gresham House – the bank’s largest transaction in the renewable sector to date.
This relationship will provide Gresham House Solar Distribution LLP (GHSD) with an £18m revolving credit facility, through a flexible funding arrangement, to facilitate the growth of its solar assets.
In line with Virgin Money’s strategy to at least halve the carbon emissions across everything the bank finances by 2030, this is the bank’s first major step towards possessing a loan book comprising at least 5% in sustainable lending by FY22.
Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.
