NSW Treasury Loan Fund
The NSW Treasury Loan Fund (TLF) provides up to $40 million annually in low interest capital expenditure funding to enable NSW general government sector agencies to implement energy and water efficiency upgrade projects.
The Office of Environment and Heritage (OEH) on behalf of NSW Treasury helps agencies to access funding for energy and water efficiency retrofits. OEH works with agencies to help develop and implement projects, which deliver significant reductions in energy and water consumption and greenhouse gas emissions. Investing in resource efficiency is a key way for agencies to demonstrate their commitment to fiscal responsibility.
Energy and water efficiency projects help agencies save money and reduce their exposure to rising prices, which helps redirect budget to frontline services. The TLF provides capital expenditure funding to general government sector agencies to upgrade a range of technologies within government assets.
Funded projects to date have included upgrades to:
heating, ventilation and air conditioning (HVAC) systems
renewable energy systems
hot water systems and
improvements to building management controls.
How does it work?
A government agency submits an application to OEH for an energy and/or water efficiency project they are interested in doing. The TLF provides capital expenditure in the form of a low interest loan so that government agencies can implement the project without using their own capital budgets. Loans are structured to be repaid from the savings in utility bills and once the loan is repaid the agency benefits from improved building efficiency and lower bills. OEH provides technical and project management support from start to finish to ensure that projects are cost effective and will deliver the proposed savings.
Interested in applying for funding?
Two streams of funding are available for general government sector agencies. The appropriate stream of funding for your project will depend on the size of the project and how it is developed and delivered.
Finance between $10,000 and $500,000 (or $1 million for Ministry of Health projects) is provided under the Sustainable Government Investment Program (SGIP).
Larger projects requiring over $500,000 (above $1 million for Ministry of Health), are to be developed and delivered by means of a performance contract.
If you are a NSW general government sector agency and are considering a NSW Treasury Loan to finance your project, please contact OEH.
Who can apply?
Funding is available to NSW general government sector agencies. A list of general government agencies can be found on the NSW Treasury website within the 2012/13 budget papers. If you are unsure whether your agency is eligible for TLF funding, please contact OEH on the details below.
TLF track record
TLF has provided more than $60 million in low interest loans to finance 54 efficiency upgrade projects since its inception. This includes 21 projects delivered through performance contracts, totalling over $49 million, and 24 Sustainable Government Investment Projects totalling over $11 million. These projects saved NSW government agencies over $8.8 million in operational costs in 2011/12, and helped them to avoid the negative impacts of energy price rises on their operating budget.
Please contact the OEH Sustainable Government team on 1300 361 967 or mailto:firstname.lastname@example.org.
Page last updated: 05 December 2012