The Salix Recycling Fund aims to increase capital investment in energy efficient technologies across the public sector. It 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 of less than 5 years. The financial savings delivered by the projects are returned to the fund allowing further spending on front line services, hence the term ‘Recycling Fund’.
- Salix currently has 121 Recycling Fund partner organisations, including local authorities, higher education institutions, emergency services and the NHS.
- The fund has financed over 8,700 projects, worth more than £142 million.
- On average, projects have realised a payback of 3.6 years.
- The size of an individual Recycling Fund ranges from £100,000 to £1 million. A typical fund size would be £500,000 with Salix providing £250,000 and the client match funding the other half.
- Salix publishes a quarterly report for the Recycling Fund called ‘The Salix League’. This is a series of league tables which focus on seven delivery measures across all Recycling Fund clients, including ‘Spend Rate’ and ‘Use of Available Funds’. These are accessible to all Recycling Fund clients.
For current Salix funding programmes please check the Salix Energy Efficiency Loans Programme section.
Salix is currently setting up new Recyling Funds with local authorities in Scotland, for further information please visit the Scotland Recycling Fund section.
If you are a Recycling Fund client, by logging in you will be able to access the Recycling Fund League Tables from this area. If you do not have access, please register and contact Salix to have access enabled.