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After an initial Salix pilot of four clients in 2007, HEFCE and Salix formed a partnership in 2008 and established a 50:50 investment of £20m. Today, there is approximately a client base of 55 clients.
Each client has a sustainable ring-fenced fund and is able to recycle financial savings back into their fund for further investment. Since the start of the programme, £39m of project commitments have created £162m of lifetime savings. To view the 2013 HEFCE SALIX Institutional Small Projects Fund Update please click here.
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