Freecool® Funding Options
Public Sector – Salix Funding
Salix Finance Ltd is an independent, not for profit company, funded by The Department for Energy and Climate Change, The Welsh Assembly Government and The Scottish Government via The Carbon Trust.
Its purpose is to accelerate investment by public sector bodies in energy efficiency technologies through invest to save schemes. Salix also works in partnership with The Higher Education Funding Council for England on its Revolving Green Fund for universities.
Salix provides interest free funding to accelerate investment in energy efficiency technologies across the UK public sector.
Salix enables public sector bodies to improve energy efficiency, attain emissions targets, reduce energy bills and raise green credentials. The Scheme allows public sector bodies to apply for an interest free loan to finance up to 100% of the costs of energy saving projects.
Numerous successful public sector Freecool® projects have been implemented with Salix funding.
Salix projects are expected to save the UK public sector a lifetime total of £660m in energy bills, reducing CO2 emissions by 4 million tonnes.
Funding is released in tranches, with applications dealt with on a first come first served basis.
For the latest information about the scheme please visit the Salix website where you can also fill out the compliance tool.
If funding is not available or your organisation is not eligible for Salix funding please contact do not hesitate to contact the Workspace Technology Sales Team for further information on other funding streams.
Carbon Trust Loans
The “Energy Efficiency Financing” scheme was launched in Spring 2011 by the Carbon Trust and Siemens Financial Services This scheme is available to a wide range of businesses and organisations, from small to medium enterprises through to large corporates, local authorities and other public sector organisations.
Typically repayment is over 1 to 7 years and can be arranged from £1,000 upwards.
Freecool® paybacks typically range between 18 months and three years which means savings generated by the project will be used to repay the loan.
For further information, visit the Energy Efficiency Financing website.