Public sector organisations in Wales are invited to apply for Green Growth Wales repayable funding for projects in the financial year 2016-17: deadline is 5th July.
Welsh Government, through its Green Growth Wales initiative is making investments in projects delivering energy efficiency, renewable energy and resource efficiency across Wales, with the overall aim of saving 2.5m tonnes of CO2 as well as helping public bodies to make revenue savings.
Their first call for projects to be funded during 2016-17 closes on 5th July 2016. Projects are delivered on an invest-to-save basis, with funding repaid from within the savings made or revenues generated.
This call covers both the Salix and Invest to Save – Green Growth finance vehicles. Finance is available now for projects sufficiently well defined. However, they also want to hear about developing projects, where the intent is to draw down funds later in the financial year. A second ‘expressions of interest’ form is available and should be submitted in this case.
They are keen to support all eligible projects that might otherwise not proceed, however, there is likely to be significant demand and early sight of projects will help. Terms and conditions for the two finance routes have been aligned and are now accessed through a single website.
A number of rounds of investment decisions will take place during the course of the year:
5th July 2016
5th October 2016
5th December 2016
1st March 2017
How to apply
Applications and expressions of interest for Green Growth Wales projects are made via the application portal http://salixfinance.co.uk/loans/welsh-loans
As part of that process, projects will need to demonstrate how they are contributing to the achievement of the Well-being goals defined in the Well-being of Future Generations (Wales) Act 2015, the nature of the investment and the projected savings (cash and CO2) to be made, and a repayment profile. Projects will be assessed by technical specialists, and bespoke funding offers will be made depending on the nature of the project and the public body.
All public bodies are strongly encouraged to seek the support of the Green Growth Wales / Resource Efficient Wales team to develop proposals for investments:
Green Growth Wales – Commercial support: Mike Williams - mike.williams@local.gov.uk
Resource Efficient Wales Client Manager - Opportunity Identification & Technical Support: David Reilly - david.reilly@CarbonTrust.com
Re:fit Cymru - Energy Performance Contracting: Glyn Mountford - glynm@gepenv.co.uk
Salix funding application support contact: Judith Britnell - judith.britnell@salixfinance.co.uk
