Making cost and carbon savings, Lloyds and partners supporting schools
Lloyds Bank education team’s Phil Herriott has been working in partnership with Tim Warneford of Warneford Consulting and Steve Bolt of BC
Associates to explore options for how academy school clients can simultaneously cut their electricity costs and achieve carbon savings as part of the government’s own target of net zero carbon by 2050
Important recent announcements from the ESFA include the need for those academy schools who cross the annual usage threshold of 40,000 kWh to provide a baseline from which to identify future carbon reduction measures as part of their annual account returns.
The Department for Business, Energy and Industrial Strategy (BEIS) have subsequently announced funding streams that are applicable to academies who wish to identify current energy usage patterns and undertake options appraisals for installing the most appropriate renewable energy solutions that reduce both energy costs and carbon emissions.
Salix Energy Efficiency Fund (SEEF)
Public Sector Decarbonisation Scheme (PSDS)
Public Sector Low Carbon Skills Fund (LCSF)
The LCSF has been set up in order that eligible bodies can engage specialists to identify the qualifying carbon reducing measures.
Examples of funded installations include Solar PV, LED lighting and options for converting from oil to gas for school heating and hot water systems.
The application window is short, and demand is expected to be high and early engagement is urged on all schools wishing to take advantage of the opportunity.
To find out more click here.