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Unipart is one of the largest privately owned companies in the UK and operates internationally.
Headquartered in Cowley, Oxfordshire, Unipart offers manufacturing, logistics and consultancy services to a range of sectors, including healthcare, IT and mobile telecoms, retail, rail, automotive and defence.
As Unipart had won an Environmental Management Excellence award, we knew that environmental considerations played a key role in their strategy. So, our Manufacturing, Transport and Logistics (MTL) team contacted their Treasury Manager to discuss how Unipart were approaching their green agenda and what we could do to help them meet it.
The business wanted to install ‘intelligent low-energy’ lighting in their warehouses to reduce energy consumption. They decided the property at Cowley should be the first as it’s their largest UK warehouse and could provide cost benefits within a year of installation.
We introduced our Asset Finance specialists and together we explored the options available to fund the capital expenditure. We quickly agreed on a suitable Green Loan facility that would allow Unipart to install the low-energy LED lighting.
Not only did this product meet the objective of offering simple access to funding, it also has the added benefit of providing official ‘green’ accreditation, fitting in with Unipart’s focus on productivity and waste reduction. We hope that it will help them come a step closer to receiving another Environmental Management Excellence award.
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