Interest-Free Energy Efficiency Funding Available for Higher Education Institutions
Applications and Expressions of Interest Welcome Now.
Salix have been working with Universities since 2006, currently offering finance on behalf of the Department of Business, Energy and Industrial Strategy (BEIS) and previously through the joint-funded Revolving Green Fund Scheme one and four with the former Higher Education Funding Council for England (HEFCE)*. Overall, £142 million of interest-free funding has been invested in over 4,000 energy efficiency projects at 100 higher education institutions.
Salix are keen to build long-term relationships with new and existing clients and contribute to the development and delivery of carbon management and estates masterplans. The Salix HEI Team are available for meetings, on request, and can support in discussions with senior management teams.
Over 100 energy efficiency technologies are eligible for interest-free Salix funding, including Solar PV, Combined Heat and Power (CHP), LED lighting upgrades, laboratory upgrades and measures within new-build developments. A full technology list and latest guidance can be found here.
Applications for finance are technically assessed to ensure estimated carbon and financial savings are reasonable. The loan repayment period is fixed at 5 years, while the technical payback for projects is flexible. Projects can be financed in full or partly where client contributions or other funding is available.
To tailor each application to the needs of an institution Salix can phase funding, reserve funding a year in advance or aggregate the payback by combining projects with multiple technology types.
For more information, case studies and examples of best practice, visit the free Knowledge Sharing Area
Alternatively, the ‘Salix working with HEI’s’ flyer is available to read here.
Please contact the Universities Team if you have any further questions or would like to arrange a meeting.
|Laura Couldrey||0203 102 6918||[email protected]|
|Sinead Desmond||0203 102 6918||[email protected]|
|Client Support Officers|
|Victor Ajala||0203 102 6917||[email protected]|
Calculated using emissions factors published by government in 2017 for carbon footprinting purposes.
*HEFCE (the Higher Education Funding Council for England) was replaced on 1 April 2018 by the Office for Students, the new regulatory body for higher education in England.