The Salix Recycling Fund

The Salix Recycling Fund aims to increase capital investment in energy-efficient technologies across the public sector. It is a ring-fenced fund with capital provided by Salix and matched by the partner organisation, to be spent on energy-saving projects with paybacks up to 10 years. The financial savings delivered by the projects are returned to the fund allowing further spending on front line services, hence the term ‘Recycling Fund’.

 

Recycling Funds in England

Our government funders, the Department of Business and Industrial Strategy (BEIS), have agreed that England recycling funds can remain open until March 2025.  However, to align with the governments’ climate change policy priorities some changes are required to how Recycling Funds function. 

To help clients reach net-zero we need to understand how buildings can become more energy efficient to support the installation of low carbon heating measures, for example insulation, glazing, heating controls, and heat pumps in the future. Accordingly, we ask that you submit a 3-year plan demonstrating how the funding will be utilised over the remaining lifetime of the fund by 31st March 2022. The purpose of the plan is to address how each project is linked to a wider heat decarbonisation strategy.  

Please see our Guidance Notes which details the changes to the Recycling Fund criteria from April 2022 and provides information on how to develop a 3-year plan. This will give Recycling Fund clients the technical information needed to plan and design a project consistent with the requirements of the funds. 

An updated compliance tool with the new criteria for England which will come into effect from April 2022 can be found here. This is available now to assist with the development of the three-year plan.

We have prepared FAQs here that may provide some further direction. 
 
The status and requirements for Recycling Funds in Wales and Scotland remain unchanged.

 

The Salix Recycling Fund

  • Salix currently has 112 Recycling Fund partner organisations, including local authorities, higher education institutions, emergency services and the NHS.
  • The fund has financed thousands of projects, worth more than £253 million.
  • The average fund has been recycled three times.
  • Combined, the Recycling Funds save over 290,000 tonnes of carbon each year. 
  • The size of an individual Recycling Fund ranges from £100,000 to over £1 million. A typical fund size would be £500,000 with Salix providing £250,000 and the client match funding the other half.

For current Salix funding programmes please check the Funding the Public Sector section.

Salix is currently setting up new Recycling Funds with local authorities in Scotland, for further information please visit the Scotland Recycling Fund section. 

If you are a Recycling Fund client, by logging in you will be able to access the Recycling Fund League Tables from this area. If you do not have access, please register and contact Salix to have access enabled.

For further information please contact your Salix relationship manager or [email protected]