England

The £55m Salix Energy Efficiency Loans Fund (SEELS 1) delivered by Salix Finance was fully subscribed; this was achieved in less than 9 months after the launch of the scheme following the 2009 budget.

1,270 projects across over 217 public sector organisations are scheduled for completion over the coming months. This will save an estimated 98,000 tonnes of CO2 annually and some 1.45m tonnes over the lifetime of the projects.

Salix clients including schools, hospitals and local authorities will save a projected lifetime total of £248m in reduced energy bills through the installation of simple energy efficiency measures including upgraded lighting, insulation and heating, combined heat and power systems and improved IT controls systems. On average, projects will save enough money to repay the original investment from Salix Finance within three and a half years.