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Salix extends deadline for energy-saving upgrades in FE colleges

Leading low carbon retrofit company, Energys Group, is encouraging Further Education colleges in England and Wales to take advantage of a specialist fund for energy-efficiency upgrades available from Salix Finance. The deadline for applications for the fund, which was originally launched last year, has been extended to 30th June 2015.

Energy-saving projects

A broad range of energy-saving upgrades is covered by this round of Salix funding, including lighting upgrades, boiler replacements and renewal of roofs, windows and cladding.

“Retrofit technologies, such as LED lighting, T5 lighting upgrades and boiler optimisation technologies represent energy-saving quick wins for many FE colleges,” advises Kevin Cox, Managing Director of Energys Group. “Salix funding provides a great opportunity for colleges to invest in these technologies without the usual financial risk.”

A continuation of previous funding

This dedicated fund is an extension of a dedicated FE college fund offered by Salix which closed for applications at the end of January 2015. The final application date for the new funding will be June 30th 2015.
Criteria for funding is very specific: projects must have a payback period not exceeding 5 years in order to meet compliance. They must also cost less than £100 per tonne of CO2 emitted over the lifetime of the project and be backed up by a business case (should the project exceed £100,000).

Applying for the fund

Information about how to apply for the new FE college funding is available on the Salix website.  However, Energys Group has also produced a step-by-step guide which outlines how to complete a Salix loan application. The guide contains information on the applications process and how to meet the project criteria.

“Anyone who is struggling to understand the process of applying for an interest-free loan through Salix should consider turning to a specialist organisation such as Energys for advice,” says Kevin Cox. “There are only a few months left until the deadline for this round of funding and colleges will need to have all of their energy data on hand to produce a quality application.”

For help and advice on how to take advantage of Salix finance for retrofit energy-saving upgrades, contact Energys Group today.

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