Apply for building upgrade finance
Building upgrade finance helps building owners to access capital with very favourable terms to upgrade their commercial building to save on energy, water and waste.
Project Status: When you need to do this
What you need to do
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Talk to a lender
Once you’ve identified building upgrade works you should talk to a lender to confirm in-principle finance approval.
Check with your existing lender whether they offer building upgrade finance through an environmental upgrade agreement. Sustainable Australia Fund and ANZ offer building upgrade finance loans.
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Apply to enter into an Environmental Upgrade Agreement (EUA) with the City
If your eligibility is confirmed, you’ll need enter into an EUA with the City by submitting the Building Upgrade Finance Application form (PDF, 60.84KB).
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Complete the EUA template agreement
If approved, you’ll need to complete the EUA template agreement (DOCX, 97.21KB).
The City of Sydney charges an administration and processing fee for all EUAs. The fee amount is determined by the length of the EUA loan. Refer to the building upgrade finance schedule of fees below for details of the administration and other fees charged by the City.
Schedule of fees
Administration fee
The administration fee depends on the loan amount, see list below. Levied as an upfront payment at the time of the first EUC payment. Includes an establishment fee and a processing fee. Note, all fees are quoted inclusive of GST.
- Loans up to $50,000: $260
- Loans from $50,001 to $200,000: $1,300
- Loans from $200,001 to $400,000: $3,100
- Loans from $400,001 to $800,000: $6,200
- Loans from $800,001 and over: $11,350
Late payment fee
$64 plus court fees. Levied at each step of the enforcement procedure.
Amendment fee
$360. Levied as a one-off payment at the time of amendment to the agreed repayment schedule. Where an extension to the loan term is being made the difference in the administration fee will also be payable.
Before you start
Identifying eligible upgrade works is the first step.
Eligible projects must improve the environmental performance of the building and may include repairs as well as upgrades, replacements or new installations.
The diagram below shows the steps required for a typical building upgrade process.
