Content Coms welcomes Salix’s new round of funding for colleges
Content Coms welcomes news from Salix Finance that a new round of funding is to be launched for further education colleges.
The last funding round saw 24 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 significant carbon savings over the lifetime of the projects.
Any FE College who receives the 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.
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