Our mission is to work with the public sector to reduce carbon emissions through investment in energy efficiency and renewable technologies.
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1 Our mission is to work with the public sector to reduce carbon emissions through investment in energy efficiency and renewable technologies.
2 Salix Finance Salix Finance who are we? Independent not-for-profit company Work only with public sector bodies To reduce energy costs and carbon emissions Show leadership in tackling climate change
3 Salix Finance Salix Energy Efficiency Loan Scheme Salix Ring Fenced Fund
4 Salix Energy Efficiency Loan Scheme The Government, in partnership with Salix Finance and the Carbon Trust has provided 51.5 million in interest free loans to support the public sector in England in making further progress towards reducing their energy bills and carbon emissions by investing in energy efficiency technology. The programme was officially launched on 10 June 2009
5 Outline details All public sector organisations in England are eligible to apply. The scheme will accept applications during 2009 until all the funding has been allocated. First call closes 17 July 2009 Loans will be allocated on a first come first served basis. The minimum amount available is 5000 per application with no upper limit providing all projects can be completed within 9 months of agreed application.
6 Outline Outline details details The loan will be interest free. The loan should cover the total cost of the project and no match funding is required. The repayments will commence March 2011 and will be in 8 x 6 monthly equal instalments.
7 Outline details Repayments should be covered from the energy savings achieved by the projects Organisations can keep all the savings generated once the loan is repaid. Loans will be available for around 80 different energy efficiency technologies
8 Project examples Project Type No Avg. Cost Avg. Savings pa Avg. Technical Payback Lighting upgrades ,536 5, Insulation (Loft, Cavity Wall, Roof, Double Glazing) 385 8,572 2, Lighting controls ,679 3, Pipe work Insulation (Cooling, Heating) 230 4,343 1, Boilers - replacement ,815 6, Voltage reduction equipment ,109 7, Heating (e.g. controls, zone control valves, electric to gas replacement) ,781 4, BEMS - remotely managed ,089 4, Variable speed drives ,274 6, Insulation - draught proofing ,407 3, Boilers - control systems 112 9,447 3, Office Equipment Improvements (PC power management, thin computers, virtualisation 99 24,502 9, Time switches 89 1,788 1, Heating - TRVs 71 6,780 2, Hot Water (Distribution improvements, point of use heaters) 66 9,939 3, BEMS - bureau remotely managed 66 19,628 5, Swimming Pool Covers (Liquid, Manual, Motorised) 51 8,722 6, Ventilation (distribution, controls, air handling units) 31 9,129 3, Cooling (plant replacement / upgrade, free cooling) 30 24,250 5,
9 Application process Applicants will need To complete the Project Compliance Tool and submit The application form should be completed on line and then printed and signed and the hard copy sent to: Salix 25 Southampton Buildings London WC2A 1AL help line available Successful applicants will be notified of the outcome of their application within 14 days by receipt of a commitment letter agreeing the loan funding.
10 Compliancy Rules All projects must meet the following compliancy rules: Technical payback of less than 5 years Lifetime cost of CO2 less than 100/tonne Be additional
11 Loans process On completion of projects a completion certificate must be completed and signed and sent to Salix Salix will then issue a loan agreement and direct debit mandate for the authorised officer to sign and return to Salix On receipt of completed documentation the loan funding will be paid by BACS. Possibility of stage payments for large single projects
12 Salix Ring Fenced Fund Salix Finance what do we do? Stimulate investment Using ring-fenced funds Recycle all projected savings Focus on cost-effective projects with high CO 2 reduction impact Match funding typically 250K Initial fund spent over 2 years Reduce energy bills Make capital go twice as far
13 A Salix Fund Delivers Against Salix Fund Carbon Reduction Targets Operating a Salix Fund Makes sense from a financial, energy saving and carbon reduction perspective It simultaneously lowers your energy bill and carbon footprint while delivering technology and efficiency upgrades to your whole estate Provides a focus for education and cultural change especially among employees in maintenance, building services and procurement Opportunity to recycle the fund for future projects
14 Salix For both the fund and the loan schemes there is limited finance Opportunity for those with ready to go projects Others who need to carry out more work there will be another call If cannot make deadlines for the loan then consider the fund.
15 Further details More information is available on the Salix website.
16 25 Southampton Buildings, London WC2A 1AL t: f:
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