Public Sector Bodies Offered Green Loans

Mon, 15 Jun 2009

The Department of Energy and Climate Change is to offer public-sector organisations £51.5 million of interest-free loans to help them save money while improving their energy usage.

The energy efficiency loans, first announced in Alistair Darling's 2009 Budget report, will be offered to Government departments, hospitals, community centres and local authorities throughout the country to help them meet carbon reduction targets.

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

Ministers hope the financial support will help public-sector bodies meet emissions targets set under the Carbon Reduction Commitment scheme, which is due to start in April 2010.

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 ."

The loans are being provided in partnership with the Carbon Trust and Salix Finance and will be repayable over four years.
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