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


View more articles
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

Deadline for PFM Awards Team Member nominations approaches

There is just one week left for finalists within this year's PFM Partnership Awards to nominate candidates for the Team Member of the Year category....
Article image

Contracts awarded by DIO for £117m for FM services

Repair and maintenance services contracts have been awarded by the Defence Infrastructure Organisation (DIO) with a value of £117m....
Article image

Atalian Servest confirms first acquisition since 2018 merger

Independently-owned service provider Incentive FM has been acquired by Atalian Servest for an undisclosed sum....
Article image

Completion of acquisition of janitorial supplier confirmed

Family-owned PPS has announced that its acquisition of Scott Janitorial Supplies in February 2021 was completed with the official merger on 1 June this yea...
Article image

PFM Partnership Awards 2022 finalists announced

Today sees the publication of the shortlist for the PFM Partnership Awards 2022 following a prolonged assessment process....