University College London research provides evidence that Government loan funding is enabling public
22nd September 2015
A research report published this week, demonstrates the value of Government loan funding in ensuring that public sector energy-efficiency projects which otherwise would not have sufficient capital to progress are able to go ahead. This funding is delivered by Government funded organisation, Salix Finance, as interest-free loans, and the projects it enables are vital for reducing energy consumption and meeting national energy-efficiency targets.
Many EAUC members have benefitted from Salix funding. This is especially true of the FE sector, with colleges using the money to start projects that will save upwards of £11m. Find out more here
The research, undertaken by University College London for Salix and DECC, found that the majority of Salix loans will lead to energy-efficiency projects and subsequent savings, which could not progress without the finance being available.
To date, Salix estimates that its interest-free loans have delivered over £375m, with predicted lifetime financial savings of over £1.4 billion and 7.4m tonnes of carbon savings from projects funded.
A full copy of the report can be downloaded from Salix's website