Press Release: Best of British - Salix Finance

Salix is extremely excited and proud to be selected by the Telegraph, as a small business delivering jobs, growth and prosperity for people across the UK in their Best of British series.

The Telegraphs Best of British series deliver success stories from across the UK, they recognised Salix Finance as a flagship example of a small company driving forward and demonstrating excellence in energy efficiency and sustainability in the public sector, with funds driving economic growth in the private sector.

Salix Finance is a company demonstrating excellence in energy efficiency and sustainability in the public sector, whilst their funds are driving growth in the private sector. For every £1 of public funds invested with Salix finance, £4 is saved in the public sector.

Carbon reduction and sustainability have become a firm focus for organisations across the UK. With this increased awareness in mind comes the question, how can environmentally focused programmes be financed?

Salix Finance is a not-for-profit company providing interest-free funding to the public sector to invest in energy efficiency projects.

  Annie Shepperd, Chief Executive, Salix Finance

Working with public sector organisations such as schools, universities, hospitals, local authorities and NHS Trusts, Salix provides the funding to invest in energy efficiency upgrades, achieving reduction in their energy consumption and carbon emissions, while decreasing their energy bills.

Working with the public sector and offering finance for over 100 different energy efficient technologies, Salix supports a wide variety of projects ranging from small-scale improvements to multi-million-pound schemes.

Qasim Akhtar, programme manager at Salix explains: “There’s a wide variety of scale and size in the projects that Salix fund. Projects can range from the insulation of a classroom, an estate-wide upgrade of lighting to LED at a university campus  to the replacement of thousands of street lights for a local authority, utilising the latest energy-saving lighting technologies.”

 Qasim Akhtar, Programme Manager for Higher and Further Education, Salix Finance

To date, Salix has funded over 16,600 projects worth around £692 million, equating to an estimated 766,000 tonnes of CO2e savings per annum.

Funded by The Department for Business, Energy and Industrial Strategy, the Department for Education, the Welsh Government and the Scottish Government, Salix loans are available to organisations across England, Scotland and Wales, large or small.

The loans are repaid from savings made on their energy bills. Once repaid, the public sector continues to benefit from these savings.

 Alannah Powell, Marketing Manager, Salix Finance

While helping organisations financially is an important element of the business, Salix also aim to align with its environmental focus and emphasise sustainability and carbon awareness. Annie Shepperd OBE, the Chief Executive, said: “Salix are ambassadors of public money and are committed to using that public money wisely to work with the public sector in order to reduce its carbon footprint."

Lindy Frey, Programme Manager for Street Lighting, Salix Finance

Salix’s work reaches beyond delivering sustainability benefits for public sector organisations, but is also about improving the working and learning environments of the public sector. From brighter learning environments for children, to warmer and more comfortable patient environments within hospitals, to safer lit streets with brighter street lighting, it’s clear that the benefits of working with Salix extend beyond energy efficiency. That’s why it is ‘Best of British’.

If you are interested in hearing how Salix Finance could help you with your energy efficiency ambitions, get in touch via [email protected]
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