Scottish Funding Council Financial Transactions Programme

Universities Financial Transactions Programme (UFTP) 

Salix is delighted to announce we will be supporting the Scottish Funding Councils University Financial Transactions Programme 2021-22 (UFTP). The programme will provide low-interest loans totalling up to £32.8 million to support university capital investments made in response to the climate emergency. The programme aims to significantly reduce the Scottish university sector’s carbon footprint. Institutions are encouraged to submit proposals that would showcase innovation and sustainability.  

All funding awarded is to be directed towards climate emergency projects, which meet one or more of the criteria and deliver the outcomes summarised below. 

The application form can be found here, tab 1 contains guidance on how to complete the form. A Statement of Comprehensive Income form here should also be submitted with the application. If you need any support from a member of the Scotland team, please email [email protected].

Criteria:

  • Capital projects that are part of a university estate’s strategic response to the climate emergency. 

  • Priority will be given to projects which offer the greatest carbon savings in returns for the funding. There is no set/qualifying/minimum carbon payback metric (i.e. £ per TCO2), but as a minimum each project will be expected to quantify the planned direct environmental benefits from the funding requested.  

  • Collaboration with other organisations is encouraged, for example around shared facilities or buildings, and/or the university acting as a civic anchor for city-wide projects. 

Project outcomes should - 

  • Advance the university’s carbon management/net zero plan. 

  • Be consistent with national energy strategies/pathways to net zero set out by the Scottish Government (e.g. phasing out of gas). 

  • Make a contribution to other related (non-carbon) issues of sustainability (biodiversity, communities, quality education, social and mental health). 

  • Help deliver local heat and energy efficiency strategies (LHEES) where possible. 

  • Demonstrate leverage of other sources of funding to support these wider outcomes where possible. 

  • Each application is expected to quantify the environmental benefits of the project to be funded.  

 

Deadline

The deadline for application submission is midday 8th November and applications should be sent to [email protected]. The applications will be assessed in November and funding will be allocated in the new year.

 

Loans