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Salford Royal NHS Foundation

Salford Royal NHS Foundation receives £7m cash injection for energy efficiency upgrade

Salford Royal NHS Foundation Trust yesterday announced it has secured almost £7m in funding to overhaul its energy use in a bid to save £2m in annual energy costs.

The funding, announced yesterday, is being provided by investors DLL. The Green Investment Bank (GIB) is providing £3.4m of investment as part of the £50m NHS energy efficiency funding alliance it established with DLL in 2014.

The money will be ploughed into the Trust's energy efficiency programme, funding the installation of a new 2.5MW Combined Heat and Power system, new energy saving lighting and an upgrade to the Trust's building management system.

The project will be run by Vital Energi, which has a 15-year contract to install and maintain the new technology. The scheme is expected to cut the Trust's energy bill by £1.9m every year, after its completion at the end of this year.

Ed Northam, head of investment banking at the UK GIB, said upgrading the NHS' existing technology will increase resilience of its entire estate.

"This programme of energy efficient improvements will save energy, cut costs and reduce greenhouse gas emissions without impinging on patient care." 

The news follows a £15.4m investment made to a cluster of NHS hospitals in Scotland in December to fund energy efficiency improvements. The funding was provided by Aviva Investors, with a £7.7m indirect investment from GIB, to fund the installation of a combined heat and power plant, LED lighting and insulation measures at NHS Tayside. 

 

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