Project finance looks to finance the entirety of a project. Working capital only solves for short-term liquidity needs.

For a project to receive project financing, banks typically require three things:
1. Sufficient technological maturity (TRL 9+)
2. Security in the form of physical assets (such as plants)
3. Financial investment from the company itself ("skin in the game")

Banks must also conduct extensive due diligence for this type of financing—a process that often takes 12–18 months. Given this significant time involvement, investments of over £100m are only being considered.

Today there aren’t many carbon removal companies who can qualify for project finance. CUR8 will support you in getting there.

CUR8 provides loans to suppliers on behalf of our banking partners. This means banks fund the loans, while CUR8 manages the lending process. By pooling smaller loans together, banks can achieve the loan sizes they need and diversify their exposure to different suppliers.

We make money by taking a margin on the interest we charge for our loans. The interest rate you pay includes market rates set by banks, the cost of insurance, and our margin.

The loan is secured by the underlying offtake contracts. If the original project developer cannot deliver the carbon credits, we/the bank can step in and transfer the contract to another provider to ensure the buyer still receives the credits. This allows the bank to recover some or all of its funds. Additionally, insurance provides extra protection by covering losses if there is under-delivery or non-delivery of credits.