Energy efficiency finance provider Salix have announced a fund specifically for further education colleges and universities. The Salix College Energy Fund has been designed to support the installation of energy efficiency measures and is available to any further education college or university who receive the majority of their income directly from the public sector.
Projects could include heating controls, LED lighting, insulation &/or boiler/heating system upgrades as long as they meet the following criteria:
- The project must pay for itself from energy savings within a maximum 5 year period.
- The cost of CO2 must be less than £120 per tonne over the lifetime of the project.
- Projects typically have 9 months to complete.
Salix offer 100% interest free loans and are happy to part fund projects should you have already raised capital for the remainder of a project. They have funded over 100 energy efficiency projects in further education colleges resulting in estimated annual savings of over £1.5 million and 7,500 tonnes of carbon. So, if you’ve been waiting for funding to come along to allow you to improve the energy efficiency of your college, or even to upgrade some dated lighting, now is the perfect time.
We have over 10 years of experience in arranging funding in the public and private sector, including numerous packages through Salix. We can undertake viability assessments, create a solid business case with detailed payback periods, and apply for the funding on your behalf, as well as managing the installation of any products and technologies that fall into the programme for you. Working on energy efficiency in colleges for over 15 years; our expert engineers and energy auditors know exactly where to focus to ensure you achieve maximum benefit from our recommendations.
Contact Sustain today to book in your site surveys and apply for this valuable energy efficiency funding; allowing you to free up funds for the more important areas of education.
To find out more about the Salix College Energy fund, visit their website.
This article originally appeared on the Sustain website.