Salix Finance

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.

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

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

• Public sector decarbonisation
• Energy efficiency funding
• Government grant administration
• Heat decarbonisation schemes
• Social housing retrofit

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. 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

Core 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

Named customers11 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor.

• Social Housing Retrofit AcceleratorminorStrategic or Co-development PartnerPartnership providing support resources for organisations delivering social housing retrofit programmes through Salix-administered schemes.
• Brighton & Hove City CouncilminorStrategic or Co-development PartnerLocal authority partner in Peter Gladwin Primary School decarbonisation project, providing additional funding alongside Salix-administered PSDS grant.
• Brighton & Hove Energy Services Co-op (BHESCo)minorChannel Partner/ Reseller/ DistributorCommunity energy co-operative operating 50kW rooftop solar panel array at Peter Gladwin School under power purchase agreement.
• KJ Tait EngineersminorImplementation/ SI/ Consulting PartnerEngineering firm delivering heat pump and decarbonisation projects at British Library sites through PSDS funding.
• CBRE UKminorImplementation/ SI/ Consulting PartnerReal estate services firm supporting British Library energy efficiency upgrades including lighting improvements.
• 1 EnergyminorImplementation/ SI/ Consulting PartnerMain contractor for Bradford heat network project, delivering industrial air source heat pumps and 5km of super-insulated pipe network.
• Groundwork Greater ManchesterminorImplementation/ SI/ Consulting PartnerThird sector organisation supporting delivery of retrofit upgrades in Greater Manchester area through HUG2 scheme.

Scale indicators23 records

Recent moves6 records

Expansion highlights5 records

Direct 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

• YouTubeyoutube.com/@salixfinance2117
• LinkedInlinkedin.com/company/salix-finance
• Instagraminstagram.com/salix_finance
• Xx.com/SalixFinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Salix Finance