This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Salix loans save public sector cash and cut CO2

26 August 2010

Just one year after the launch of the Salix Energy Efficiency Loans (SEELS) fund, 297 energy efficiency projects have already been completed across the public sector, saving an estimated 13,700 tonnes of CO2 and reducing energy bills by over £2.2m annually.

Schools, hospitals, universities, colleges, central government departments and local authorities have all benefitted from Salix’s interest-free loan programme, which uses government money to fund basic energy saving initiatives.  These save the public purse many times their cost by reducing unnecessary energy use.

All Salix funded projects use proven technologies that get quick results and continue to operate effectively for many years.  Most pay back their costs within three and a half years.   

Completed projects include:

·         The installation of voltage reduction equipment at Loughborough College, saving 145 tonnes CO2 and £24,300 annually (with projected lifetime financial savings of £358,000), and at Middlesex University, saving 222 tonnes CO2 and £46,500 annually (projected lifetime financial savings of £685,000);

·         Energy efficient T8 lighting at Hartlepool Borough Council, saving 44 tonnes CO2 and £6,000 annually (projected lifetime financial savings £132,000);

·         Cavity wall insulation at South Warwickshire General Hospital, saving 29 tonnes CO2 and £6,200 annually (projected lifetime savings £371,0000);

·         Boiler upgrades at St Paul’s Church of England Primary School, saving 36 tonnes CO2 and £8,300 annually (projected lifetime savings £138,000).

In Wales, currently eight projects with a total value £76,231 have been completed and will save 98.8 tonnes of CO2 annually.  Basseleg school, for example, has used a loan to install energy efficient T5 lighting, which will save a lifetime total of £88,600 and 35.6 tonnes of CO2 annually. The programme in Wales is a revolving loan scheme which has c£5m, provided by Welsh Assembly Government, which will continue to provide support to public sector organisations throughout Wales over a number of years.

In total around 1,500 energy efficiency projects across 218 organisations will be completed with SEELS funding.  This will save a total of around 1.45m tonnes of CO2 and £244m in reduced energy bills over the lifetime of the projects.

Paul Chisnall, head of the SEELS programme said:

“The success of the Salix model demonstrates clearly that well managed investment from government succeeds in getting public sector organisations to prioritise energy efficiency, while delivering maximum return on investment.  Without the intervention of Salix none of the projects would have taken place.  In an environment where the public sector faces demanding targets for CO2 reduction, as well as greater pressure to be cost effective, our expertise has never been more valuable.”

Salix Finance also administers an £84.6m recycling fund programme which enables public sector organisations to carry out energy saving projects through the application of CO2 reduction technologies and then re-invest the savings into further energy saving projects.    Currently, around 168 public sector bodies have a Salix recycling fund. 


Contact Details and Archive...

Print this page | E-mail this page

http://www.fsifm.com
https://www.chas.co.uk/


MOST VIEWED...

View more articles
Article image

PFM Partnership Awards 2019 winners announced

Winners of this year’s PFM Awards received their trophies last night at the spectacular evening of celebration once again held at London’s The Brewery venu...
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Pictures of PFM Awards 2019

Following this year’s spectacular evening of celebration at The Brewery venue in London, pictures of the PFM Partnership Awards 2019 can now be viewed and ...
Article image

Finalists confirmed for PFM Awards 2019 Account Director of the Year

Following another year of high entry levels for the Account Director of the Year category, four have been selected as the 2019 finalists....
Article image

ENGIE named best sustainable FM company in the UK

Energy and support services specialist ENGIE UK & Ireland has come out on top in the Sustainable Facilities Management Index (SFMI) Awards for a second...
Article image

PFM Awards 2019 categories launched

Those wishing to enter the PFM Partnership Awards this year can now access all the relevant information at Read more Read later
-->
PFM