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£5.3m Salix Finance to Public Sector Energy Efficiency

Over £5.3 million of Salix interest-free funding was awarded to Scottish public sector energy efficiency projects over the past year. This funding is provided by Scottish Government to accelerate decarbonisation efforts towards the Scottish national target of 42% CO2 reductions by 2020.

The Scottish Government continues to lead the way with low carbon development, last year investing over £5.3 million of interest-free funding through Salix Finance to support energy efficient technologies with Scottish local authorities and public sector bodies. This funding is expected to save over £18 million in public sector energy bills over the lifetime of these projects.

These projects were funded by Scottish Government through Salix Finance, a non-profit, government-funded organisation, as part of Scotland’s plan to reduce greenhouse gas emissions by 42% by 2020 and 80% by 2050, as included in the Climate Change (Scotland) Act 2009.

All Scottish public sector bodies are working towards this target, which has the additional benefit of reducing public sector energy bills. Energy efficiency projects can also provide improved working and learning environments, such as better quality lighting, more effective controls and comfortable temperatures. These projects also encourage awareness about the importance of environmental sustainability, as well as supporting employment within the energy efficiency industry.

 

Energy Efficiency Projects

Interest-free Salix loans were awarded to eight energy efficiency projects last year. These projects included LED street lighting upgrades by Argyll and Bute Council, North Lanarkshire Council, East Lothian Council, Aberdeenshire Council, Orkney Council, as well as internal LED lighting and server room improvements at the University of Dundee.

In addition to energy efficiency loans, there is now the opportunity for Scottish public sector bodies to set up a ring-fenced Salix Recycling Fund dedicated to energy efficient technologies, which is created with a matched repayable grant from Salix.

Recycling Funds dedicated to energy efficiency projects were set up with 11 Scottish public sector bodies last year: East Renfrewshire Council, East Ayrshire Council, City of Edinburgh Council, Glasgow City Council, Glasgow Life, Heriot-Watt University, Midlothian Council, Perth and Kinross Council, Scottish Borders Council, Shetland Islands Council and South Ayrshire Council.

 

Celebrating a successful partnership

Annie Shepperd, Chief Executive of Salix Finance, reflected on another successful year of accelerating public sector energy efficiency in Scotland, “Salix is delighted to be working in partnership with Scottish Government on leading the national effort to reduce energy spending and carbon emissions. We are so impressed with the enthusiasm of our partners and their commitment to making Scotland an international leader in low carbon sustainable development”.

The confidence in the Salix funding scheme comes from a long history of working with Scottish Government and public sector organisations to provide value for money by reducing public sector costs through financing energy efficiency measures. In total, Salix has allocated over £14.5 million of government funding in Scotland, which has enabled £27 million of energy efficiency projects, saving the public sector an estimated £97 million in energy bills over the lifetime of these projects.

For more information on the Salix funding options available in Scotland, please contact the Scotland Programme Coordinator Lindy Frey on lindy.frey@salixfinance.co.uk or 0203 102 6904, or make an expression of interest here.

30 November 2016

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