Salix’s loan scheme allows public sector organisations such as local authorities, schools and NHS trusts to spread the cost of their energy upgrades, with lighting upgrades, including LEDs, proving to be one of the most popular options. So far, Salix funding has been used for over 4,000 lighting projects.
Teresa Graham, chair of the Salix Finance board, said: ‘We are continually impressed with the way the public sector are using our loans to make significant reductions in energy consumption and reducing their costs. We see innovation in all parts of the public sector and there is a growing interest to do more.’
New sources of finance for energy-saving lighting projects in the public and private sectors continue to crop up. Green investment firm Goldfield Partners is the latest company to offer loans for lighting upgrades, with the launch of a scheme aimed at public sector and low-risk private sector organisations.
Goldfield’s scheme provides five-year loans for LED lighting systems, aiming to significantly reduce energy bills and carbon emissions.