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29 Apr 2026

Addleshaw Goddard Advises NatWest on Award‑Winning £120m Sustainability‑Linked Loan for Rural Asset Finance

"Addleshaw Goddard advised NatWest on a landmark, award-winning sustainability-linked financing for Rural Asset Finance that won Sustainability-Linked Loan of the Year (Other) at the Environmental Finance Sustainable Debt Awards 2026. The transaction provides up to £120m of debt from NatWest and BCI Capital, with NatWest’s funding backed by a British Business Bank ENABLE Guarantee, and features a dynamic loan margin tied to sustainability KPIs. Those KPIs include expanding on-farm renewable energy and adopting sustainable land, water and environmental management practices, aligning the facility with the UK Government’s Sustainable Farming Initiative to help farmers transition to greener practices. The deal showcases AG’s structured finance expertise and its role in sustainability-driven financings."

Addleshaw Goddard advised NatWest on a landmark sustainability-linked financing arranged for Rural Asset Finance and involving BCI Capital and the British Business Bank. The transaction provides approximately up to £120 million of debt funding from NatWest alongside BCI Capital, with NatWest’s funding supported by a British Business Bank guarantee under its ENABLE Guarantee programme. It features a dynamic loan margin tied to sustainability KPIs — including expansion of renewable energy on farms and adoption of sustainable land, water and environmental management practices — aligns with the UK Government’s Sustainable Farming Initiative, and was named Sustainability-Linked Loan of the Year (Other) at the Environmental Finance Sustainable Debt Awards 2026. Lawyers named in the press release: Lee Shankland‑Gort — Partner, Head of ESG Firmwide and Head of Social and Affordable Housing Group; Zoe Connor — Partner, Finance (Structured Finance and Securitisation & Funds Finance); Fiona Luong, Julia Barette, Li Tang and Helen Stephen — contributors from the Structured Finance and Securitisation practice; Ryan Gilmore — from the Asset Finance team.
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