The latest success, combined with success in previous rounds brings the total PSDS funding we've secured to £337.6m.
In the latest round of the Public Sector Decarbonisation Scheme (PSDS), Vital Energi has supported clients across the country to fund renewable energy and heat network projects totalling £68m, accelerating their journey to net zero.
Vital Energi has successfully guided eight clients through the Phase 4 application process, securing £55.6m in funding for their projects. Including previous rounds of PSDS, this brings the total funding they’ve secured to an impressive £337.6m.
Clients in this round are from the healthcare, local authority, and transport sectors, and these groundbreaking projects will generate combined annual carbon savings of almost 8,500 tonnes, and over £1m in energy savings each year.
The projects will harness the latest technology and include energy solutions such as large-scale heat pump systems, the connection of existing public sector buildings to heat networks, solar PV, and a host of energy conservation measures, from LED lighting upgrades to pipework insulation.
PSDS is a UK government initiative that provides grant funding to public sector organisations for energy efficiency and low carbon heating measures in their buildings. Administered by Salix Finance, the scheme aims to reduce carbon emissions from public buildings by 75% by 2037.
PSDS 4 further advances the government’s net zero and clean growth ambitions by prioritising funding for decarbonisation projects where heating systems are nearing the end of their operational life and require replacement.
Vital Energi has the in-house capability to complete feasibility studies, surveys and data analysis required to develop a qualifying scheme. They have the expertise to optimise the solution to ensure the project has the best possible chance of securing grant funding, and self-deliver the construction, operation, and performance guarantee over the lifetime of the asset.
PSDS is just one of the many funding pathways Vital Energi can support you with. If you're planning a decarbonisation project, get in touch by emailing [email protected]
