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The Low Carbon Economy Ltd

15 Jun 2009 09:06:05

UK organisations offered energy efficiency loans

UK organisations offered energy efficiency loans
Government departments, hospitals, community centres and local authorities are to be offered energy efficiency loans to help them save money while also reducing their carbon emissions.

The Department of Energy and Climate Change announced £51.5 million of interest-free funding to help public-sector organisations improve their energy usage.

First announced in chancellor Alistair Darling's 2009 Budget, the loans are to be provided in partnership with the Carbon Trust and Salix Finance.

Loans will be available for 80 different technologies, lighting upgrades, boiler installations, cooling systems and information technology improvements.

Joan Ruddock, minister for energy and climate change, said: "We estimate this fund could help public sector bodies save around £14 million per year in fuel bills.

"Following the announcement of our ambitious carbon budgets, all public sector organisations should lead by example by pioneering ways to reduce carbon emissions."

It is hoped that the financial support will help public-sector bodies to meet the Carbon Reduction Commitment, a scheme starting in April 2010 that sets targets for organisations using more than 6,000MWh of electricity a year.

Loans will be repayable over four years.



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