Co-operative forced to freeze renewable energy lending

Jessica Shankleman
clock

Mutual admits it could fail to hit £1bn pledge to green energy projects

The Co-operative Group has been forced to halt a £1bn plan to invest in green energy projects, after the bank stopped lending to all new business ventures. The Co-op had been expecting to meet, and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Alok Sharma: Climate, capital, and commitment - why pension funds matter

Alok Sharma: Climate, capital, and commitment - why pension funds matter

COP26 President says the economic case for climate action is overwhelming - and pension funds can help lead the way

Lord Alok Sharma
clock 26 November 2025 • 3 min read
EdenTree to apply Sustainability Focus SDR label to remaining unlabelled funds

EdenTree to apply Sustainability Focus SDR label to remaining unlabelled funds

Move makes EdenTree only fund house with a fully labelled range

Michael Nelson, Investment Week
clock 25 November 2025 • 1 min read
British International Investment commits $150m to transition finance in Africa

British International Investment commits $150m to transition finance in Africa

UK government-owned international development investor to provide capital and assistance to help FirstRand establish new transition finance facility

Michael Holder
clock 25 November 2025 • 3 min read