Council is partnering with Better Building Finance to offer businesses and commercial building owners the opportunity to borrow money with very favourable terms so they can upgrade their buildings to save on energy, water and waste. It involves an Environmental Upgrade Agreement (EUA) between the building owner, financier and council.
This is a new and growing form of finance designed to make buildings better, and aligns with Council’s Better Buildings Strategy. Increasing your businesses resource efficiency can provide you with significant cost benefits.
We’re helping local businesses unlock savings with Environmental Upgrade Agreements to finance environmental improvements.
Businesses in Lake Macquarie can access finance for projects that help them save money and improve their economic and environmental performance through a partnership between Lake Macquarie City Council and Better Building Finance.
Environmental Upgrade Finance (EUF) involves a three-way agreement between the business owner, Council, and lender, called an Environmental Upgrade Agreement (EUA).
By using EUF to fund their building and environmental upgrades, businesses can benefit from:
EUF can be used to fund a broad range of upgrade works, such as solar, waste, and water projects. It just needs to improve the energy, water, environmental efficiency or sustainability of existing buildings. Popular projects include:
To qualify for EUF, applicants need to meet the eligibility criteria listed below as well as any credit criteria set by the lender:
Learn more about eligibility by contacting Building Better Finance.
EUF is simple, transparent and easy to organise.
The key steps to follow are:
Find out more by reading the Frequently Asked Questions on the Building Better Finance website.