Salix College Energy Fund

Energy Efficiency Funding Available Now for Further Education Colleges

Salix is proud to announce the launch of a new round of funding for Further Education Colleges in England, in partnership with the EAUC. The funding ensures Further Education Colleges can continue to invest in energy efficient technologies, resulting in both carbon and financial savings.

Since 2014 when the first round was launched, Salix have funded over 100 energy efficiency projects in FE Colleges resulting in estimated annual savings of over £1.5 million and 7,500 tonnes of carbon*. There over 120 energy-efficiency technologies which are eligible and the loan is repaid from the savings generated by the project.

Key dates:

  • Accepting Expressions of Interest – Now
  • Applications open - December 2016
  • Close of initial round - 10th February 2017

Salix welcomes early applications and Expressions of Interest so that Colleges can share with Salix the projects for which they are seeking funding. Salix will allocate funding as they receive eligible applications until the closing date, so completing an ‘Expression of Interest’ form is encouraged.

Salix will also launch an additional round of funding, following the current round, which will be open through to August 2017. Colleges who intend to apply for this additional round are also encouraged to submit an ‘Expression of Interest’ form. Salix continues to support new and existing clients who are implementing strategic funding plans as they develop and deliver on their carbon management plans. Sharing these plans with Salix can allow a long-term, multiple year funding approach to be agreed.

Salix College Energy Fund Webinar  

Salix took part in a webinar, hosted by the EAUC, to introduce the new funding. You can find information on how the loan is set up, the technical and financial aspects of the application, eligible technologies as well as examples of completed projects at City College Plymouth, presented by Martin Sings, Estates Engineer at the college. To view the webinar please click below:

Programme Eligibility

Any Further Education College who receives a majority of their income directly from the public sector can apply for funding (6th Form Colleges included). 

Project Compliance Criteria 

  • Salix can fund up to a 5year payback period
  • Less than £100 per tonne of CO2 over the lifetime of the project
  • Projects must be based on additionality i.e. projects would not have gone ahead without Salix funding
  • Projects typically have 9 months to complete
  • Salix are able to part fund projects

Where projects exceed the maximum payback criteria, applicants are welcomed to contribute to the overall cost in order to make the project compliant. The loan will be paid back to Salix directly by direct debit on a 6 monthly basis over a period of 4 years. To download a full copy of the Further Education College application notes, please click here. Projects over £100,000 require a Salix Business Case to be submitted with the application.

If you have projects you would like funding for, please get in touch with a member of the college's team. 

The Further Education Colleges team includes:

Programme Manager
Craig Mellis 0203 102 6917 craig.mellis@salixfinance.co.uk
Client Support Officer  
Charlie Reith-Pert  0203 102 6918

charlie.reith-pert@salixfinance.co.uk

                                                                                                                                      

 

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