To support its work on sustainability, the University of Bedfordshire has three distinct budgets.
Since 2008 the University of Bedfordshire has invested £3.6m capital in its carbon reduction program, the capital budget is not restricted to carbon reduction, but can be invested in assets that support the Sustainable Development Strategy and the Environment Policy
In 2017/18 the capital budget for sustainability was set at £155,000 and for the 2018/19 financial year a budget of £66,000 has been set.
In 2018/19 additional capital of circa £370,000 is being invested in our new STEM Building. This capital expenditure on sustainability includes, Photo Voltaic Panels, Rain Water Harvesting, Sedum Roof and BREEAM Excellence certification.
Every year since 2013/14 the University has set aside a ring-fenced revenue budget for sustainability, however, every year additional sustainability spend takes place across the University.
In the financial year of 2018/19 a budget of £31,000 has been approved.
The University makes available three independant funds
Students and staff are able to request funding for sustainability projects via the Sustainability Steering Group. Examples of student and staff projects funded via the Universitys sustainability budget:
The University will support up to six Beds Talks a year, with up to £1,500 available per event. Rooms will be provided for free; funds may be spent on speaker expenses, refreshments, event publicity and activities to support engagement in the event.
Bid for Beds invites staff to submit proposals for a share of £50,000, aimed at making small-scale changes that have the potential to benefit the staff experience. This is a chance to be creative and innovative about how staff can change their workplace for the better.
Since 2008 the University of Bedfordshire has participated and continues to participate in the Salix Finance Revolving Green Fund (RGF)
RGF is a pot of money solely for investment in carbon reduction projects with an eight year (or less) return on capital employed.
The University's RGF is a match funded budget to the total of £500,000 comprising funding from both Salix Finance and the University.
The Salix funded carbon reduction projects result in financial savings on the gas and electricity budgets. The savings are then re-invested in other energy efficiency projects in subsequent years.
The University was successful in securing £468,000 funding for carbon reduction.
The University participated in the Salix Finance SEELS scheme, and secured a £782,000 interest free, repayable loan. This was invested in a Combined Heat and Power Plant (CHP) at its Bedford campus. The CHP project was completed in November 2016 at a total cost of £850,000