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Salix Finance

Salix Finance interest free funding schemes

Salix Finance only works with UK public sector bodies. It provides interest free funding. It is an independent, publicly funded company, set up in 2004, to accelerate public sector investment in energy efficiency technologies through invest to save schemes. Salix has public funding from the Carbon Trust and is working across the UK public sector with Local Authorities, NHS Trusts, Higher and Further Education institutions and Central Government.

Salix can enable Public Sector bodies to improve energy efficiency, attain targets, reduce energy bills and raise green credentials. Salix do this by using long term, ring fenced, interest free conditional grants to make carbon saving projects happen in the public sector.

How it works

Typically, Salix provide funding of around £250,000, and in some cases as high as £500,000. This is matched by you and fed into a ring-fenced fund to be spent on proven energy saving projects with a payback of less than five years and that also meet the other compliancy requirements.

The energy savings are returned to the fund until the original project investment is repaid. After that, you are free to keep the savings to spend on front-line services.

The fund itself can stay in place, and as long as sufficient compliant projects continue to come forward, Salix will not normally ask for their original investment to be returned.

If you would like to know more about this scheme please check the Salix Finance website or contact us for further details.

Salix finance

Salix is an independent, publicly funded company set up to accelerate public sector investment in energy efficiency technologies through invest to save schemes.

Salix Finance

Salix has public funding from the Carbon Trust and is working across the public sector with Local Authorities, NHS Trusts, Higher and Further Education Institutions and Central Government. Their focus is on supporting basic projects. In general all projects pay for themselves within 50% of their useful life so real energy bill savings are seen in the organisation.