BG Energy Solutions welcomes new Salix College Energy Fund

BG Energy Solutions welcomes new Salix College Energy Fund

NEW FUNDING FROM SALIX HAS BEEN ANNOUNCED FOR FURTHER EDUCATION COLLEGES – FROM SEPTEMBER 2015

In partnership with the EAUC and supported by the AoC, Salix has announced a further round of 100% interest free funding for energy efficiency and carbon reduction projects in Further Education (FE) Colleges in England and Wales will be released at the end of September 2015. Applications will be accepted from September 2015 through to January 2016.

This is the second round of funding which saw 24 Further Education Colleges apply for projects ranging from £6,000, to £793,000, with a diverse mix of technologies. Applications ranged from energy efficient hand driers to LED lighting upgrades and Combined Heat and Power units,  predicted to create savings of over 55,000 tonnes of CO2 and £11m over the lifetime of the projects.

Programme Eligibility

Any FE College who receives a majority of their income directly from the public sector can apply for funding (6th form colleges eligible).

Project Compliance Criteria

  •     A maximum 5 year payback period
  •     Less than £100 per tonne of CO2 over the lifetime of the project
  •     Projects over £100,000 require a Salix Business Case

The loan will be paid back to Salix directly by direct debit on a 6 monthly basis over a period of 4 years. To download a full copy of the FE college application notes, please click here.

To find out how BG Energy Solutions can help your college to take advantage of the latest energy efficient technologies through Salix’s new funding stream, drop us a line or get in touch.

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