Higher Education Institutions
Interest-Free Energy Efficiency Funding Available for Higher Education Institutions
Applications and Expressions of Interest Welcome Now.
Salix have been working with Universities since 2006, currently offering finance on behalf of the Department of Business, Energy and Industrial Strategy (BEIS) and previously through the joint-funded Revolving Green Fund Scheme one and four with the former Higher Education Funding Council for England (HEFCE)*. Overall, £140 million of interest-free funding has been invested in almost 4,000 energy efficiency projects at 100 higher education institutions.
Salix are keen to build long-term relationships with new and existing clients and contribute to the development and delivery of carbon management and estates masterplans. The Salix HEI Team are available for meetings, on request, and can support in discussions with senior management team.
Over 100 energy efficiency technologies are eligible for interest-free Salix funding, including Solar PV, Combined Heat and Power (CHP), LED lighting upgrades, laboratory upgrades and measures within new-build developments. A full technology list and latest guidance can be found here.
Applications for finance are technically assessed to ensure estimated carbon and financial savings are eligible. The Salix loan is repaid to Salix over a 5 year repayment period using the energy savings from the project. Where projects exceed a 5 year payback, the annual repayment will be more per annum than the energy savings or the project can be part funded.
To tailor each application to the needs of an institution Salix can phase funding, reserve funding a year in advance or aggregate the payback by combining projects with multiple technology types.
For more information, case studies and examples of best practice, visit the free Knowledge Sharing Area
Alternatively, the ‘Salix working with HEI’s’ flyer is available to read here.
Apply now or fill in an Expression of Interest form.
Please contact the Universities Team if you have any further questions or would like to arrange a meeting.
Calculated using emissions factors published by government in 2017 for carbon footprinting purposes
*HEFCE (the Higher Education Funding Council for England) was replaced on 1 April 2018 by the Office for Students, the new regulatory body for higher education in England.