Salix Funding and Revolving Green Fund
The Government, in partnership with the Carbon Trust, is providing £51.5 million in new interest-free loans to help public sector bodies take advantage of energy efficient technology. These loans do not require match funding and are offered on a first come first served basis.
Schools, hospitals, local authorities, universities and central government departments are able to save money, and reduce their carbon emissions, by taking up the new loans, which the Carbon Trust has made available through Salix Funding. Finance.
The scheme is available for around 80 different energy efficiency technologies, including boiler and lighting upgrades.
Projects may incorporate multiple technologies, but they must payback over a maximum 5 year period and the loan value must not exceed £100 per tonne of carbon saved over the equipment’s lifetime.
Revolving Green Fund
The Revolving Green Fund provides recoverable grants to help higher education institutions (HEIs) in England reduce emissions. Institutions repay the funds through the savings they make.
Revolving Green Fund 2
£10 million for a second round of the Revolving Green Fund (RGF2) was part of the announcement on further capital funding made in March 2011.
This will build on the success of the first round, and includes £4 million recycled from the first round plus additional funding over 2011-12 and 2012-13.
Chalmor is currently working with a number of public sector organisations and our Sector Managers are able to provide clients with application supporting documentation and assist with the process where needed.