Enigin Update - �£30M Extra Funding for Public Sector and Community Energy Efficiency
UK ENERGY Secretary Chris Huhne has today announced a £20 million boost to the existing public sector energy efficiency loan scheme and £10 million for local community energy projects.
Huhne said: “This is great news for the public sector. Not only do we need to encourage energy efficiency in our schools, hospitals and universities."
The further £20 million in Salix loans has been made available for public sector energy efficiency projects in England before the end of March 2012, saving organisations money on energy bills and reducing carbon emissions.
Salix loans are provided for energy efficiency projects that pay for themselves within five years through lower energy bills. Repayments are made from the money saved on bills, and once the loan has been repaid the organisation will continue to benefit from the low carbon equipment and the savings it delivers.
To date, the scheme has funded over 7000 projects across Great Britain. Interested public sector organisations need to apply to Salix Finance Ltd and have their loan agreed by the end of March 2012.
Alastair Keir, CEO of Salix Finance said: “Salix is really pleased to be awarded this new funding. It will enable us to continue to provide much needed assistance to the public sector, helping it reduce its carbon emissions and energy bills.
“Demand from the public sector for energy efficiency improvements is enormous. This interest free loan fund removes the barrier of having to find capital to pay for the energy efficiency measures at a time of tight budgets.”
Enigin Distributors welcome initiatives such as it present even more opportunities for them to install Enigin plc'a systems and technology in to schools, hospitals and universities - saving them on energy costs while reducing greenhouse gas emissions.
The new £10 million Local Energy Assessment Fund, managed by a number of community networks and administered by the UK’s Energy Saving Trust, will be run as a competition, with the chance for around 200 community organisations to get to grips with energy efficiency and renewable energy generation. Organisations including parish councils, voluntary associations, development trusts and faith groups are all eligible to apply.
Picture of Plymouth University UK © Copyright Tom Jolliffe and licensed for reuse under this Creative Commons Licence.
