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Escalating energy prices and the urgency attached to climate change have increased the need to significantly scale up the implementation rate of energy saving measures and technologies. The Government’s Energy White Paper places a strong emphasis on energy efficiency, “by 2020 a further 4-6MtC can be delivered annually from business and public sectors…roughly a doubling of the rate of energy efficiency improvement.”
Salix is an independent company set up by The Carbon Trust in 2004 to work with the public sector to reduce carbon emissions through investment in energy efficiency measures and technologies. Due to the success of its pilot, the Local Authority Energy Finance Scheme, Salix is extending the range and scale of its operations by increasing the number of Local Authorities that it currently works with as well as opening the scheme to a larger number of qualifying public sector bodies.
By combining grant funding and its expertise Salix gives organisations an opportunity to both improve energy efficiencies and reduce energy costs while taking a leadership role in tackling climate change.
Commitment, leadership and capability: Salix is looking for committed leaders who will provide their managers support and resource throughout the process; committed and enthusiastic energy and facilities managers who understand what can be done to improve efficiencies and reduce CO2 on their estates and drive through those changes in a proactive way; committed and technically proficient fund managers who are capable of managing a sustainable revolving fund.
Salix will provide a grant of typically £200k to kick-start an energy efficiency drive affecting all components of the partner’s estate. The partner organisation will be required to supplement this grant to make up the total “invest to save” ring-fenced fund.
Monies dedicated to implementing energy saving projects will be provided by this fund through interest free internal ‘loans’. Loans are repaid using a minimum of 75% of annual savings. Once the project loan has been repaid to the fund the project recipient will continue to benefit from the ongoing energy savings. As repayments are recycled back into the fund they become available for re-investment, hence creating a self-sustaining fund.
For further information please go to: www.salixfinance.co.uk.
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