The SEELS4 programme, operated by Salix on behalf of the Department for Energy and Climate Change, allows public sector bodies to apply for an interest free loan to finance up to 100% of the costs of energy saving projects. Under their funding agreements, Academies must obtain the consent of the Secretary of State to take out a loan. In order to allow Academies to improve the energy efficiency of their estates, and to reduce bureaucracy, the Secretary of State has agreed that Academies have his consent to take out a Salix loan. This consent applies initially for any Salix loan to which an Academy has made a formal contractual commitment in this current financial year, i.e. up to the end of March 2012. Once agreement has been reached by the Academy with Salix to take out this type of loan, the Academy will need to notify the YPLA of the value of the loan so that a central record is maintained of the overall capital impact. Academies interested in the SEELS4 programme will need to consider the information on the Salix website.

Issued by Young People’s Learning Agency

October, 2011
"Salix Newsletter", Salix Finance

August, 2010
"Salix loans save public sector cash and cut CO2", Salix Finance

June, 2010
June Newsletter
Salix reports on successful project delivery for 09/10, Salix Finance

January, 2008
HEFCE and Salix launch fund to reduce greenhouse gases, Salix Finance

October, 2007
Salix Finance Welcomes Boost To Public Sector Climate Action, Salix Finance

May, 2007
Energy White Paper Will Force Government Action On Energy Waste, Salix Finance

A partnership between Salix Finance and the Higher Education Funding Council for England (HEFCE) is successfully cutting universities’ emissions and energy costs, a new evaluation shows.

Launched in August 2008, the Revolving Green Fund supports universities in radically transforming their approaches to energy consumption and reducing emissions.

The HEFCE sponsored evaluation of the fund shows current projects are saving over 2 per cent of carbon emissions each year, and if projects continue at current levels and frequency the fund could lead to 8.6 per cent carbon emissions savings at universities each year by 2020.

Alastair Keir, Chief Executive of Salix Finance, said:

'It's vital that higher education institutions, like all public sector bodies, take action now to reduce energy costs and carbon dioxide emissions. The Revolving Green Fund's Institutional Small Projects Fund is continuing to demonstrate that basic energy efficiency measures – such as improved insulation, lighting upgrades and heating improvement – get quick results with long-lasting cost benefits.

'I'm delighted with the impressive level of progress to date, with huge opportunities for further improvement. The evaluation published by HEFCE demonstrates to policymakers that future support for invest-to-save schemes of this type is a vital component in meeting efficiency and emissions targets.'

The HEFCE press release and the full report can be viewed here.

February, 2010
Library turns over £1.4m green leaf, Yorkshire Evening Post

January, 2010
Boilers at breaking point, Reading Chronicle

January, 2010
Focussing on the key priorities, Connecting Industry

December, 2009
Loans available to meet green targets, The Guardian Public

March, 2010
Salix win Recycled Green Money Award, Terry Tamminen

October, 2009
£51.5m interest free for greening public sector organisations, Green Business UK

November, 2009
Trusts target major carbon cuts, Health Sector Journal

December, 2007
LSC Launch £20 million energy efficiency grants for colleges, LSC