Energy efficiency

UK Green Investment Bank’s new NHS Energy Efficiency Financing Programme aims to save money

12 Mar 2014



'Cut energy use and save money' are among the aims of the UK Green Investment Bank's new NHS Energy Efficiency Financing Programme, which is to be officially launched in Birmingham next month (2 April).

Shaun Kingsbury, Chief Executive of the UK Green Investment Bank (GIB), has invited NHS Chief Executives, Finance and Estate Directors to learn about the programme at its first NHS Energy Efficiency Forum. 

The Forum will take place at Birmingham's Aston University on Wednesday 2 April and will be followed up with a separate event in Edinburgh in the coming weeks.

Designed to help Trusts and Health Boards bolster their budgets by implementing energy efficiency measures, senior representatives from GIB and the NHS will outline the opportunities available to reduce energy usage and associated costs, improve energy services and meet energy reduction targets.

The UK NHS deals with more than one million patients every 36 hours working across some 2,300 hospitals.  Due to its size and activities, the NHS is a heavy user of energy.

UK Green Investment Bank Managing Director for Energy Efficiency, Gregor Paterson-Jones explained:  "The NHS estate offers a huge opportunity for cost savings through energy efficiency. The time is right - the technology is mature and well proven, we have some very positive case studies showing what's possible and all public bodies have to face the risks of rising energy costs and ongoing budget pressures. We are launching this programme and holding these events to demonstrate how straightforward and beneficial investments in energy efficiency are for the NHS."

GIB has already backed a number of NHS energy efficiency programmes including the UK's largest energy efficiency retrofit at a hospital. Projects can include combined heat and power plants, boilers, building retrofits, lighting and energy reduction technologies for production processes, among others.

As well as Shaun Kingsbury and Gregor Paterson-Jones, MD of Energy Efficiency at GIB, guest speakers at the NHS Energy Efficiency Forum include Richard Howe, former Estates Director, Cambridge University Hospitals NHS Foundation Trust and Allan Vlah, Fund Manager, Aviva.

Delegates are asked to confirm their attendance by RSVP to by Wednesday 19 March 2014.


Notes to editors

The NHS Energy Efficiency Forum will take place on between 10.00am - 1.00pm on Wednesday 2 April 2014.  The venue is the Conference Aston Meeting Suites, Aston University, The Aston Triangle, Birmingham, B4 7ET.  This is a free event.

The UK Green Investment Bank began operations in November 2012. Created by the UK Government and capitalised with £3.8 billion of public money, its mission is to help the UK transition to a greener economy by supporting projects that are both green and commercial. One of GIB's priority areas for investment is public sector energy efficiency.
GIB can provide the full spectrum of financing across debt and equity with the ability to fund long tenor. It has a dedicated team of energy efficiency project and finance experts set-up to work with private and public sector organisations and co-investors.