Interest free loans for the public sector with Salix Finance
SaveMoneyCutCarbon specialises in assisting public sector organisations to receive 100% interest free loans from Salix Finance for energy efficiency projects. One of the first sectors to seize the opportunity for reducing costs is in the public sector where energy efficiency and saving money are key considerations.
Raising capital to undertake energy efficiency projects that cut their energy consumption can prove challenging for many public sector organisations.
Salix Finance is an independent, publicly funded company that offers 100% interest free capital loans to the public sector to reduce their energy costs by enabling the installation of modern, energy efficient technologies and replacing dated, inefficient technologies.
Funding via Salix Finance is available to all public sector organisations including schools, higher and further educational institutions, emergency services, hospitals, leisure centres, local authorities and the NHS.
Utilising the interest free loan from Salix to finance your energy efficiency project provides you with the capital and no further strain on cash reserves of cash flow.
A Loan Example
If a school borrows £10,000 to put in new LED lighting which will save the school £2,000 per annum from reduced electricity usage, for the first five years these savings are used to pay back the interest-free loan. Once the loan is repaid, the continued savings enable the school to use the capital for other budgets, such as the purchase of equipment.
A Dedicated Salix Bid Team
SaveMoneyCutCarbon offers a complete Salix service at no cost to the public sector. We have a dedicated Salix bid team with a proven track record in securing funding from Salix Finance, project managing your Salix funded project from the outset and installing the very best energy saving technology at times that suit you.
Salix Finance Supporting the Public Sector
There are two main criteria for this fund which need to be met:
- Reduce your energy bills
- Salix funds over 100 technologies that can help improve the learning and working environments
- No upfront cost – the interest-free loan is repaid with the predicted energy savings
- Salix have Secretary of State approval for all maintained schools and colleges to take up Salix loans – schemes for financing schools
- The repayments are recycled to fund further projects in the public-sector
Current Salix Finance Statistics*
- Number of projects funded = 15,564
- Value of projects funded = £563.5m
- Value of annual financial savings = £136.7
- Value of annual carbon savings = 694,414 tonnes of CO2
Our experienced SaveMoneyCutCarbon Salix bid team can:
- Discuss your requirements and options before the Salix application and evaluate the chances of your project being financed through Salix, saving you time and money
- Discuss with you some of our recently completed Salix Finance energy efficiency projects and provide reference sites to enable you to independently evaluate SMCC
- Undertake a thorough investigation of your existing energy consumption and use this data to calculate your annual costs and carbon footprint
- Make a comprehensive site survey using our experienced electricians and lighting experts to identify the size and scope of the energy saving opportunity. This process is pivotal to ensure that everything adds up and that the project is financially viable
- Create a bespoke solution for your organisation based on the best products, biggest savings and quickest return on investment
- Produce a return on investment costing table highlighting your annual cost, energy savings and payback period that also demonstrates Salix Finance compliance
- Write a detailed Salix business plan for all projects over £100K
- Source appropriate products and schedule flexible installation times to suit the needs of your organisation, including evenings, overnight and weekends as appropriate
- Complete all relevant electrical testing and BS compliance certification
- Provide support via our in-house marketing and PR team to promote your project and generate case studies where appropriate
“They were a cheerful bunch and left the school tidy everyday with the furniture returned to its usual positions.There were a few changes to the fittings etc. that were noted during the fitting from the original survey and these were put in place without any problems."
"After SaveMoneyCutCarbon secured the interest-free loan, they moved very quickly to install the LED lighting, ensuring that the work was completed during the summer holidays, which was excellent. The early impressions of the new lighting are very positive, particularly in the library area and staff room. I’m sure we will see more benefits as the winter draws in.”
"The lighting is much improved, a lot brighter and clearly better quality, which I’m sure we’ll notice even more as winter draws in.”
"Lighting controls in particular are a great asset as it is difficult to rapidly change people’s attitudes to switching off lighting."