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Revolving Green Fund

The Revolving Green Fund is a partnership fund between HEFCE and Salix Finance Ltd that aims to help higher education institutions (HEIs) in England reduce greenhouse emissions. £30 million is available from 2008 to 2011 to provide recoverable grants to institutions for projects that reduce their emissions. Institutions will repay the funds through the savings they make.

The fund has two strands, an institutional small projects (ISP) fund and a 'transformational' fund for large, one-off projects.

Outcomes of the transformational fund

Funding was allocated to three HEIs, for projects submitted by the University of East Anglia, Harper Adams University College and Lancaster University.

• The University of East Anglia project will establish a biomass energy centre at its Norwich campus. This will establish the first plant for the production of heat and power from biomass residues in England.
• Harper Adams University College’s project will develop anaerobic digestion for renewable energy production. The project will use farm waste and food waste streams diverted from landfill to generate renewable power.
• The Lancaster University project aims to install two wind turbines to significantly reduce CO₂ emissions from electricity consumption and reduce reliance on imported electricity.

Outcome of the ISP fund

A total of 57 HEIs were awarded funding under the first and second round of the ISP fund (41 HEIs under the first round and 16 HEIs under the second round).

• List of institutions awarded ISP funds
• More on outcomes of the first round

Process

We published details of how to apply to the fund and the outcomes of the consultation in HEFCE Circular letter 20/2008. We invited institutions to submit expressions of interest for the second round of the ISP strand in HEFCE Circular letter 04/2009. The deadline for all applications to the Revolving Green Fund has now past.

An advisory group provides strategic advice to HEFCE and Salix for the fund and is involved in assessing applications.

Further information

The Revolving Green Fund advisory group: membership and terms of reference

In developing the Revolving Green Fund, we have formally assessed its impact on the HE sector in terms of regulatory burden, equality and diversity, and sustainable development.

Sector impact assessment of Revolving Green Fund: Initial thinking

[ Adobe PDF 36K | MS Word 107K]

Sector impact assessment of Revolving Green Fund: Post-consultation

[ Adobe PDF 46K | MS Word 111K ]

Last updated 12 May 2010