For more information on funding, please contact schoolsapplication@salixfinance.co.uk

Harrogate Grammar School is a secondary and sixth form academy in North Yorkshire that used £223,323 of 100% interest-free funding from Salix Finance to install modern energy efficient boilers and new zone controls. The upgrades have also had a positive impact on the learning environment of their staff and 1,850 pupils.

Project overviewHarrogate Grammar School was looking to improve the learning environment of the school, as well as drive down energy costs and cut carbon emissions. The primary focus for the school was their existing 1970’s boilers which were highly inefficient and no longer provided sufficient heat to the classrooms. The academy applied to the Education Funding Agency (EFA) for the Academies Capital Maintenance Fund (ACMF) to help provide the capital cost for the upgrades.

The total project cost £223,323 however due to the energy savings associated with the project, Salix Finance were able to convert 100% of this into an interest-free loan which is repaid using the savings on their energy bills making it cost neutral. It also enables funding to stretch further and more academies to benefit.

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www.SalixFinance.co.uk

“ With a Salix loan, we were able to replace the boilers earlier than we would have otherwise been able to with our own budget. After 7 years of repaying the loan, we are able to see the savings for future years. You have to do what’s right for the building as well as the pupils and not be afraid to spend to save. We see ourselves as a pioneering school and we see the Salix loan as being a big part of that” Steve Howell, Chief Financial Officer, Harrogate Grammar School John Mungovin, Facilities Manager, Harrogate Grammar School

Annual £ Savings

£34,343Lifetime £ Savings

£343,430Total Loan Value

£223,323Project Payback

6.5 years

Savings achieved by Harrogate Grammar School

SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTOR

Working with Salix

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Benefits & the futureLower energy bills and maintenance savings.

The three efficient boilers helped create a warmer and more comfortable working environment for both pupils and staff.

With improved heat zone controls, a constant temperature is maintained throughout the school.

Salix provides a loan repayment model which enables funding to recycle so it can fund further schools.

Technical overviewDated boilers replaced with three highly efficient boilers.

Improved heating distribution system with heat zone controls.

New automatic controls for the heating system.

Supported their bid with a survey from a consultant and used Salix’s online energy saving tool to highlight their energy savings.

Application processApplied to the EFA through the ACMF/CIF fund.

Fund is open once a year and the decision on funding is made by the EFA.

Salix provides technical assessments on all energy efficiency applications.

Academies can access a blend of interest-free Salix funding and grant funding for their projects depending on the energy savings available.

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www.SalixFinance.co.uk

How can Salix help you The interest-free Salix loan enables funding to stretch

further and more academies to benefit.

Access to our extensive knowledge share for the public sector only.

Technical checks on all energy efficiency applications.

Interest-free funding for a variety of project types e.g. lighting, heating systems, boilers, roofs and windows.

Harrogate’s green focus Pupils were informed of the work being carried out and

what the school was trying to achieve through science lessons and assemblies. They were also taken to see the new boilers once replaced.

Management staff have been thinking about energy efficiency in the long term due to a sustainability group that used to take place in the school.

For more information about the Condition Improvement Fund (CIF) please visit:The EFA’s site: www.gov.uk/guidance/condition-improvement-fundSalix CIF funding site:www.salixfinance.co.uk/loans/CIF

SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTOR