From 1st April 2021 the Salix Energy Efficiency Loan Scheme will be replaced by the Public Sector Decarbonisation Scheme (PSDS).
We have been very pleased to support you to deliver energy efficiency programmes over the past sixteen years and look forward to continuing to work with you over the coming years through the Public Sector Decarbonisation Grants Schemes.
A key measure of success for Salix is the level of energy saving projects which have been generated by its public sector client base, through its financing programmes and technology support.
- Since its formation in 2004 up to 31st March 2021, Salix has helped over 3,100 clients to commit over 19,700 projects valued at £1,072 million
- Salix has provided financing throughout the UK:
- England: Over 3,000 clients have committed 17,400 projects valued at £914 million.
- Wales: 64 clients have committed 1,220 projects valued at £93.6 million.
- Scotland: 42 clients have committed 920 projects valued at £63 million.
All projects are forecast to save over 895,000 tonnes of CO2e annually.
This represents over £222 million of annual financial savings to our clients’ energy bills and £3.6 billion over the projects’ lifetime.
Salix financing supports over 100 different energy efficiency technologies. Over the last financial year, some of the most popular technologies include LED lighting, Combined Heat and Power and boiler upgrades. Salix has also seen an increase in the number of clients taking a holistic view of their site energy consumption, combining multiple efficiency measures and renewables to maximise savings.
A research report commissioned by Salix and undertaken by the UCL Energy Institute established the extent to which Salix financing enables projects which otherwise would not have gone ahead and to what extent are the estimated savings realised in practice. Stage 1 and 2 of the study can be downloaded here:
- Stage 1: Estimating the Additionality of Funding Provided by Salix Finance
- Stage 2: Energy savings, monitoring and reporting
Salix Finance was invited to submit a response to the Department of Business Energy & Industrial Strategy‘s (BEIS) call for evidence in “Leading by example: cutting energy bills and carbon emissions in the public and higher education sectors”. The response is supported by evidence from current Salix clients and outlines multiple opportunities to remove barriers within the public and higher education sector to enable the delivery of the Government’s Clean Growth Strategy. This includes six key recommendations for the Government to action which would significantly improve access to capital for the public sector, enabling emissions and financial savings. The full response can be downloaded here:
Salix Finance’s response to the Department of Business Energy & Industrial Strategy’s call for evidence: “Leading by example: cutting energy bills and carbon emissions in the public and higher education sectors”