Financing the Biomass District Heating Scheme at the University of St Andrews

This presentation was given as part of the 'Financing and Managing Projects for Change' Summit at the EAUC-Scotland Conference 2017, David Stutchfield, Sustainability Manager, University of St Andrews.

Session Outline

This presentation explains how the University of St Andrews was able to secure £10m of funding from the Scottish Funding Council, which served as catalyst for the completion of their biomass district heating scheme. The additional costs were covered by the Spruce Investment fund and the university's own resources. The biomass DHS project is an important part of the University of St Andrews’ sustainability commitment and aim to become carbon neutral in energy supply.

The biomass DHS project is not only helping the university to reduce their carbon footprint, but has also positively impacted on the local community through the creation of 44 apprentice jobs and 7 graduate internships. Moreover, 73% of the money spent on the biomass DHS stayed in Scotland. The positive impact this project would have on wider society was an important factor in gaining funding from the Spruce Investment Fund.

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EAUC-Scotland held their fourth conference on the 22nd February 2017 at the University of Stirling. Find all resources from the Conference using the tag EAUCS2017, and find out more about the event on the Conference webpages.

Find the other resources from the 'Financing and Managing Projects for Change' Summit here.