The England Recycling Fund

After delivering thousands of successful projects over the past 15 years, the England Recycling Fund scheme is now coming to a close. All funds are set to close and initiate repayment on or before 31 March 2025. As part of the scheme closure, please be aware of the following deadlines:

All projects must be committed by 31 July 2024.

All projects must commission before the 31 March 2025.

Speak to your Salix relationship manager to prepare plans for the final year of the fund, repayment profiles, and for more details on the fund closure process.

The Salix England Recycling Fund is a ring-fenced fund with capital provided by Salix and matched by the partner organisation, to be spent on energy-saving projects with paybacks up to ten years.

The scheme aims to increase capital investment in energy-efficient and low carbon heating technologies across the public sector. The financial savings delivered by the projects are returned to the fund allowing further spending on decarbonisation projects, hence the term ‘Recycling Fund’.

The fund has financed thousands of projects, worth more than £267m. The average fund has been recycled over 3.2 times. Combined, the Recycling Funds save over 296,000 tonnes of carbon each year.

• A long-term ring-fenced fund held by the public body where financial savings are reinvested year on year to fund further energy efficiency projects.
• Securing long-term finance for energy efficiency investment.
• Salix offers the option of a management charge, where up to 15% of project costs can be used to support project identification and delivery.
• Over 100 energy efficiency technologies are eligible including lighting, heating, and insulation. 
• Project compliance criteria of up to a 10 year payback at a cost of £500 per tonne of carbon dioxide saved.
• Ongoing client and technical support from Salix on fund management and project delivery.
• Networking and knowledge sharing with other public sector peers.

The “Recycling Fund Manual” contains all the information you need to know about your Fund. This has information about the administration of the scheme, terms of the fund, project criteria, and more.  

We have written a comprehensive guide called “SERS user guide” to help you navigate SERS.  

A compliance tool is available should you wish to assess the compliancy of a project before committing on SERS. All projects over £100k will require a completed business case.