Our Salix Fund
Early in 2009 the University was awarded a £1million Revolving Green Fund to spend on energy efficiency projects in its existing buildings. Of this fund £800,000 has come from Salix Finance - an independent social enterprise and not for profit company - and the remaining £200,000 from the University.
Funds invested in these energy projects need to demonstrate a 5-year payback or save 1 tonne of carbon per £100 spent in order to be eligible. All the savings generated are then fed back into the fund and spent on new energy projects hence the 'revolving' nature of the fund.
So far the whole fund has been invested in projects and now the savings generated are being reinvested in even more. Funded projects to date include cavity-wall insulation, plant room insulation, power factor correction, boiler replacements, lighting upgrades, IT powerdown software and draft-proofing.
If you have any ideas for energy-saving projects in your team or Department then please contact Chrispal Anand, Carbon and Energy Manager, at email@example.com.
For more information have a look at the list of all our Salix projects.