salix finance
Turning carbon reduction to your
financial advantage
We examine the latest scheme from Salix Finance in
the light of the Carbon Reduction Commitment
In our campaign over the past two years to encourage CO
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savings in the public
sector, we have focussed repeatedly on the role of one particular organisation. It
is not that we were favouring Salix Finance for coverage over its competitors in
some way, because the company quite literally does not have any competitors.
There is no other institution which makes interest-free, unsecured loans to the
public sector to invest in projects to reduce carbon consumption.
Salix is a one-off. It comes as something of a But that dichotomy does not mean that Salix
surprise, therefore, to find that there have been has been failing in its attempt to reduce car-
no queues of school business managers or lo- bon consumption.
cal authority finance chiefs over the years We have seen in earlier editions of The
snaking their way around the Salix office in Informed Executive how the company has sup-
Central London; application forms and bank ported initiatives such as the Local Authorities
transfer details in their hand. Carbon Management Programme, while not-
The reason probably lies in the way that ing how it has collaborated with the funding
public sector bodies such as county councils body for higher education in England to reduce
and FE Colleges and NHS Foundation Trusts CO consumption in our universities.
are organised. And we have also explored the substantial
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Whatever they might claim to the contrary, savings that Salix has helped achieve in key
many have a ‘silo’ structure which uninten- parts of the NHS.
tionally ensures that the process of budgeting From the outset, the Salix business model
capital expenditure is quite divorced from the involved setting up ring-fenced recycling
revenue implications of energy management. funds jointly with the institution requiring the
No case for holding off investment in carbon reduction projects, as Salix
Finance manages £50 million interest-free loan fund for the public sector
The Informed Executive
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