Energy Efficiency Funding Available Now for Further Education Colleges
Since 2014 Salix have funded over 100 energy efficiency projects in FE Colleges resulting in estimated annual savings of over £1.5 million and 7,500 tonnes of carbon*. There over 120 energy-efficiency technologies which are eligible and the loan is repaid from the savings generated by the project.
If you have projects you would like funding for, please get in touch with a member of the college's team.
The Further Education Colleges team includes:
|Craig Mellis||0203 102 firstname.lastname@example.org|
|Client Support Officer|
|Francesca Edmonds||0203 102 6917||
Salix College Energy Fund Webinar
Salix took part in a webinar, hosted by the EAUC, to introduce the new funding. You can find information on how the loan is set up, the technical and financial aspects of the application, eligible technologies as well as examples of completed projects at City College Plymouth, presented by Martin Sings, Estates Engineer at the college. To view the webinar please click below:
Any Further Education College who receives a majority of their income directly from the public sector can apply for funding (6th Form Colleges included).
Project Compliance Criteria
- Salix can fund up to a 5 year payback period
- Less than £120 per tonne of CO2 over the lifetime of the project
- Projects must be based on additionality i.e. projects would not have gone ahead without Salix funding
- Projects typically have 9 months to complete
- Salix are able to part fund projects
Where projects exceed the maximum payback criteria, applicants are welcomed to contribute to the overall cost in order to make the project compliant. The loan will be paid back to Salix directly by direct debit on a 6 monthly basis over a period of 5 years. To download a full copy of the Further Education College application notes, please click here. Projects over £100,000 require a Salix Business Case to be submitted with the application.