Salix Finance
Salix Finance is a UK non-departmental public body that administers government decarbonisation funding schemes — PSDS, SHDF, and HUG2 — on behalf of DESNZ and the devolved administrations, channelling grants to local authorities, housing associations, NHS trusts, and education providers across England, Scotland, and Wales.
- Company typePrivate
- Founded2004
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Salix Finance does
Salix Finance is a UK non-departmental public body, wholly owned by the UK government and constituted as a company limited by guarantee (company number 05068355), founded in 2004. It administers government funding schemes on behalf of the Department for Energy Security and Net Zero (DESNZ), the Scottish Government, the Welsh Government, and the Scottish Funding Council, channelling grants to public sector organisations for energy efficiency and decarbonisation projects. Since formation it has administered more than £3.7 billion of funding, delivering 1.2 million tonnes of annual CO2 savings, with active programmes including the Public Sector Decarbonisation Scheme (PSDS), the Public Sector Low Carbon Skills Fund, the Social Housing Decarbonisation Fund (SHDF Waves 2.1 and 2.2), and the Home Upgrade Grant Phase 2 (HUG2).
The organisation's core technology consists of web-based application portals for grant submissions and the Atamis e-sourcing platform for procurement and tender management. The wider stack is primarily cloud-based, including Oracle NetSuite Cloud Instance, SharePoint, and O365, and the company is undertaking a multi-year IT transformation that includes CRM upgrades, a new public-facing web portal, and modern finance ERP implementation in line with UK Government Digital Standards. Knowledge and ecosystem platforms — the SHDF Hive, HUG Hive, and the Learning Community Hub — supplement scheme delivery with shared guidance, supplier engagement, and best-practice dissemination.
Salix operates a managed-services revenue model in which it does not charge public sector recipients for funding administration; rather, it is funded by government grant-in-aid to act as a Delivery Agent. The go-to-market is enterprise field sales in form only: Salix engages directly with local authorities, housing associations, NHS trusts, universities, colleges, schools, and emergency services across England, Scotland, and Wales. Headcount of 11-50 sits across London (10 South Colonnade, Canary Wharf) and Manchester (3 Piccadilly Place) offices, with a leadership team led by Chief Executive Kevin Holland and Board Chair Baroness Natalie Evans.
Salix Finance firmographics
Firmographics- Name
- Salix Finance
- Legal name
- Salix Finance Ltd
- Website
- https://salixfinance.co.uk
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Salix Finance is a UK non-departmental public body that administers government decarbonisation funding schemes — PSDS, SHDF, and HUG2 — on behalf of DESNZ and the devolved administrations, channelling grants to local authorities, housing associations, NHS trusts, and education providers across England, Scotland, and Wales.
- Ownership category
- akta.pro rank
Salix Finance industry classification
Industry- Product category
- Public Sector Decarbonisation Funding Administration
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111)
- akta.pro primary industry
- Climate Finance Funds & Green Investment Facilities (BPADACAH)
- akta.pro secondary industry
- Development Finance & Blended Finance Facilities (BPADAOAD)
Keywords
Where Salix Finance is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Salix Finance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Government Funding Administration: Salix Finance is a non-departmental public body, wholly owned by the UK government, that administers funds on behalf of the Department for Energy Security and Net Zero, the devolved administrations in Scotland and Wales, and the Scottish Funding Council. They do not generate revenue from sales but rather manage and assure government funding schemes including grants and loans for public sector energy efficiency and decarbonisation projects.
Go-to-market motion1 record
Distribution channels7 records
Marketing channels7 records
Salix Finance product offering
Product offeringCore offering
Salix Finance is a non-departmental public body wholly owned by the UK government that administers public sector energy efficiency and decarbonisation funding schemes on behalf of the Department for Energy Security and Net Zero, the Scottish and Welsh Governments, and the Scottish Funding Council. It provides grants and loans to UK public sector organisations (local authorities, NHS trusts, universities, colleges, schools, housing associations, and emergency services) and delivers professional advice and project delivery support across England, Scotland, and Wales.
Product overview
Salix Finance operates a portfolio of government-funded energy efficiency and decarbonisation schemes delivered through dedicated funding programmes and support platforms. The core offerings include the Public Sector Decarbonisation Scheme (PSDS) and Public Sector Low Carbon Skills Fund for public sector buildings, and the Social Housing Decarbonisation Fund (SHDF Waves 2.1 and 2.2) and Home Upgrade Grant Phase 2 (HUG2) for residential retrofits. These schemes are supported by the SHDF Hive and Learning Community Hub platforms, while The Decarbonisation Dialogue podcast provides thought leadership content. Funding is delivered across England, Scotland, and Wales through regional programmes.
Differentiator
Problem solved
Functional benefit
Products and services
- Public Sector Decarbonisation Scheme (PSDS) UK government funding scheme administered by Salix Finance to enable public sector organisations to reduce carbon emissions and progress towards net zero through heat decarbonisation, renewable energy, and energy efficiency upgrades to their building estate.
- Public Sector Low Carbon Skills Fund (LCSF) Government grants administered by Salix to boost decarbonisation skills within the public sector and unlock heat decarbonisation projects on the public sector estate.
- Social Housing Decarbonisation Fund Wave 2.1 (SHDF 2.1) Government funding scheme administered by Salix Finance on behalf of DESNZ providing grants to social landlords for installation of energy performance measures (insulation, low-carbon heating, other retrofit) in social housing across England, totalling £778 million allocated in March 2023.
- Social Housing Decarbonisation Fund Wave 2.2 (SHDF 2.2) Additional funding wave administered by Salix Finance allocating up to £80 million to eligible social housing landlords in England for installation of energy efficiency measures such as insulation and heat pumps, with 42 councils, housing associations, and charities offered funding.
- Home Upgrade Grant Phase 2 (HUG2) Government scheme administered by Salix Finance providing energy efficiency upgrades and low-carbon heating via local authority funding to low-income households in England who are off the gas grid or have low EPC ratings (EPC F-G to D improvements).
- Scotland's Public Sector Heat Decarbonisation Fund Scottish Government fund administered by Salix Finance providing £20 million in grant funding for projects to decarbonise heating systems in Scotland by replacing them with zero direct emissions systems.
- Wales Funding Programme Public sector funding schemes in Wales administered by Salix Finance on behalf of the Welsh Government to enable public sector organisations to reduce carbon emissions in line with Welsh net zero targets.
- England Funding Schemes Funding schemes in England administered by Salix Finance supporting the UK Government in helping the public sector with energy efficiency, heat decarbonisation, and net zero projects.
Quantifiable outcome
- £3.7 billion of funding administered to public sector organisations
- +5 more outcomes
Companies that use Salix Finance
Customer profileNamed customers11 records
Segments7 records
Ideal customer profiles6 records
Salix Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Salix Finance partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor.
- Social Housing Retrofit AcceleratorminorPartnership providing support resources for organisations delivering social housing retrofit programmes through Salix-administered schemes.
- Brighton & Hove City CouncilminorLocal authority partner in Peter Gladwin Primary School decarbonisation project, providing additional funding alongside Salix-administered PSDS grant.
- Brighton & Hove Energy Services Co-op (BHESCo)minorCommunity energy co-operative operating 50kW rooftop solar panel array at Peter Gladwin School under power purchase agreement.
- KJ Tait EngineersminorEngineering firm delivering heat pump and decarbonisation projects at British Library sites through PSDS funding.
- CBRE UKminorReal estate services firm supporting British Library energy efficiency upgrades including lighting improvements.
- 1 EnergyminorMain contractor for Bradford heat network project, delivering industrial air source heat pumps and 5km of super-insulated pipe network.
- Groundwork Greater ManchesterminorThird sector organisation supporting delivery of retrofit upgrades in Greater Manchester area through HUG2 scheme.
Scale indicators23 records
Recent moves6 records
Expansion highlights5 records
Salix Finance competitors and assessment
Company assessmentDirect peers
- Carbon Trust: UK-headquartered decarbonisation advisory company with strong historical links to government, advising public and private sector organisations on carbon reduction. Comparable mission in supporting UK public sector decarbonisation and operating adjacent (advisory) roles in the same schemes Salix administers.
- Energy Saving Trust: UK charity operating with government support to deliver energy efficiency advice, certification, and programme delivery across the UK. Comparable as a long-standing delivery partner for UK domestic and public sector retrofit programmes, with overlapping beneficiary bases in off-gas and low-income households.
- UK National Wealth Fund: Successor to the UK Infrastructure Bank; a government-backed investment vehicle focused on UK infrastructure, clean energy, and growth capital. Comparable as a publicly owned UK institution deploying public and private capital into decarbonisation and infrastructure projects via delegated authority from HM Treasury.
- British Business Bank: UK government-owned economic development bank that administers SME finance programmes on behalf of BEIS/HMT. Directly comparable as another arm's-length, government-owned delivery vehicle operating within delegated authorities to channel UK government funds to a defined beneficiary base.
Emerging players
- Green Finance Institute: UK-backed membership organisation accelerating green finance flows. Comparable as an ecosystem convener in UK climate finance, though focused on mobilising private capital rather than administering grants directly.
Broad incumbents
- Green Investment Group: Macquarie-owned green infrastructure investment arm, successor to the UK Green Investment Bank. Comparable as a major incumbent funder of UK green infrastructure projects, including heat networks and renewable energy schemes that overlap with Salix's funded activities.
- Triodos Bank UK: European sustainable bank active in the UK providing green finance to organisations and projects. Comparable as a broader incumbent in UK sustainable finance, operating across similar end markets (social housing, renewable energy, retrofit) but as a commercial bank rather than a government delivery vehicle.
- European Investment Fund: EU-level development finance institution providing SME and climate finance across Europe. Comparable as a larger public-sector finance institution deploying blended finance and guarantees toward sustainability objectives, though at supranational rather than UK national level.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights6 records
Customer concentration
Salix Finance social profiles
Digital presenceSalix Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Salix Finance leadership team
Management profileNumber of profiles
Profiles7 records
Salix Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Salix Finance M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Salix Finance
What does Salix Finance do?
Salix Finance is a non-departmental public body wholly owned by the UK government that administers public sector energy efficiency and decarbonisation funding schemes on behalf of the Department for Energy Security and Net Zero, the Scottish and Welsh Governments, and the Scottish Funding Council. It provides grants and loans to UK public sector organisations (local authorities, NHS trusts, universities, colleges, schools, housing associations, and emergency services) and delivers professional advice and project delivery support across England, Scotland, and Wales.
Is Salix Finance a public or private company?
Salix Finance is a private company. It is classified as state government owned and is currently operating.
When was Salix Finance founded?
Salix Finance was founded in 2004. It employs 11 to 50 people.
Where is Salix Finance based?
Salix Finance is headquartered in London, United Kingdom, in the Europe region.
How does Salix Finance make money?
One revenue line is on record: government Funding Administration.
Who are Salix Finance's main competitors?
Direct peers on record are Carbon Trust, Energy Saving Trust, UK National Wealth Fund and British Business Bank. Green Finance Institute is listed as an emerging player. Broad incumbents are Green Investment Group, Triodos Bank UK and European Investment Fund.
Does Salix Finance have an API?
No public API is recorded for Salix Finance.
What industry is Salix Finance in?
Salix Finance's product category is Public Sector Decarbonisation Funding Administration. Its primary akta.pro industry code is BPADACAH, Climate Finance Funds & Green Investment Facilities, with a secondary code of BPADAOAD, Development Finance & Blended Finance Facilities. Its NAICS code is 525 and its SIC code is 6111.