The funding will enable the company to push forward its sustainable range — which includes stretch senior, mezzanine and bridging finance — as well as progress with its plans to reach £100m of assets under management.
“Green loans are a new concept in the finance spectrum, especially within the SME space; with our new funding line of up to £75m, our intention is to push our sustainable loans range forward with a view to seeing our green products overtake our traditional loans range in the very near future,” said Robert Whitton, founder and CEO of Impact Capital Group (pictured above).
“This forms part of our long-term mission to help address the great emergencies of our time and we are pleased to see the market is really gaining traction in this direction.
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“Our collaboration with the team at Foresight is a testament to our ESG commitments and we are excited about the next steps.”
Oliver Bates, senior private debt manager at Foresight, commented: “We are pleased to be partnering with Impact Lending, which sets out to solve two major issues at play in the current market.
“Alongside the highly experienced team at Impact Lending, we look forward to playing a role in addressing the UK’s housing crisis, made more pressing than ever in a post-Covid environment, as well as supporting the government’s green recovery initiative through green loans.”
Since its launch in 2019, Impact Lending has funded a mix of commercial and residential schemes totalling £40.5m, 34% of which are sustainable developments.