Salix has further interest-free funding still available for Further Education Colleges in England. The funding is intended to act as a catalyst for investment in energy efficiency technologies which will reduce greenhouse gas emissions and create financial savings.
If you are in the position to apply before March, contact Salix to discuss funding opportunities.
Since launching the programme in 2014, Salix have funded energy efficiency projects for over 50 FE Colleges, resulting in estimated annual savings of over £1.6 million. The funding is available for over 100 energy-efficiency technologies and Salix can support programmes of work spanning multiple years.
Projects will be assessed and funding allocated based on value for money both in terms of financial payback on funding requested and estimated carbon savings.
Salix welcomes early submissions and are happy to have discussions about pipeline projects or those which are in the early stages.
Lincoln College Case Study:
The Lincoln College Group used a £704,849 Salix interest-free loan to significantly reduce their greenhouse gas emissions by completing LED upgrades to over 7,000 inefficient bulbs and fittings in 23 estate buildings.
In addition to the estimated carbon savings of over 605 tonnes* per annum, the projects will also save the college group over £165,000 annually in energy bills.
The college group now have plans to use Salix interest-free loans on future energy-efficiency projects including pipework insulation.
Rachel Newton, Group Head of Infrastructure, Facilities and Estates at Lincoln College said:
“One of the main benefits of this project has been the significant energy and carbon savings. Outside of the financial, carbon and reduction in electricity usage, we are also benefitting from improved lighting levels within teaching spaces and corridors, creating a lighter and brighter teaching environment for students and staff”
* Calculated using emissions factors published by government in 2017 for carbon footprinting purposes