Benefits of Upgrade Finance for property owners
This type of loan is designed to make existing buildings better, by helping business owners access an array of sustainability upgrades that reduce operating costs.
Across more than 100 projects, Better Building Finance has worked to reduce the carbon footprint of local businesses by 500,000 tonnes of CO2, helping them save over $100 million in operating along the way.
Benefits of this type of finance include
Success Stories
Where it’s available
Currently, Victoria, New South Wales and South Australia have passed the legislation to offer Upgrade Finance.
Upgrade Finance is currently available in these councils:
If your council isn’t currently participating, you can help us make it happen by filling in this Expression of Interest form
Application process
Applying for Upgrade Finance is easy, and you can apply online.
Before you apply, make sure you’re eligible:
-
Your council offers Upgrade Finance
-
Your property is on rateable land
-
The property use is primarily non-residential
-
The upgrade project has a measurable environmental benefit
You’ll need details about the upgrade project and the business that is pursuing the project, as well as a project proposal (from the contractor or installer).
After the project is approved, your business, local council and lender sign an Upgrade Agreement. The lender advances funds to the installer.
Once the project is completed, an Upgrade Charge will be sent with your next local council rates notice.
For more information about eligibility requirements and the application process, visit the Sustainable Australia Fund.