Salix Finance are a non-departmental public body owned by the government which provides interest-free government-backed loans to the public sector for projects which improve energy efficiency, reduce carbon emissions and lower energy bills.
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Public loans are provided by the government to fund sectors or projects identified as policy priorities. Unlike grants, the loans must be repaid, but government support can provide benefits to local authorities through lower borrowing costs, longer maturities or more favourable terms compared to commercial borrowing.
Public loans are therefore an important source of financing for a local authority given that they are usually characterised by low interest rates or, in some cases, can even be interest-free.
Salix Finance is a non-departmental public body owned by the government which provides interest-free government-backed loans to the public sector for projects that improve energy efficiency, reduce carbon emissions and lower energy bills
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