UBC has launched the Sustainability Revolving Fund, which provides a minimum loan of $10,000 for projects that reduce consumption of energy, water or other resources – supporting UBC’s sustainability goals.
Examples include upgrading equipment to be more energy efficient; or adding a system to recover and reuse chemicals, avoiding costs to purchase new chemicals.
This fund offers huge benefits to both your faculty/department and the university. The cost savings created through your reduction project will continue to grow after the loan has been repaid, resulting in a net cost benefit over the long term. The loan itself is repaid with money saved on energy, water or resources, resulting in essentially zero net cost to the institution.
In addition to contributing to UBC’s sustainability goals and reducing costs, recipients can benefit from upgrading old equipment and systems to newer, better performing equipment – particularly when other sources of funds are not readily available. Where other funding sources are available but not sufficient for a project to proceed, revolving fund loans may be “stacked” with these other funding sources. The fund review committee also supports applicants through technical and financial review of project proposals, helping to maximize a project’s success.
With the Sustainability Revolving Fund, UBC is a participant in the Billion dollar challenge.
How to Apply
Fill out either the Executive Summary Proposal Template or Full Proposal Template, and send it via email to email@example.com. The Executive Summary proposal allows applicants to gather initial feedback from the fund administrators, to help applicants determine if they would like to proceed with a full proposal.
For the current round, the deadline for Executive Summaries will be April 30, 2015 (Optional) and the deadline for Full Proposals will be May 22, 2015. Additional proposal intake rounds will occur approximately every 4 months and are subject to the available funds. Any UBC department may apply, however the fund is being promoted initially to the research community.
Please refer to the documents below for further information:
The program is administered by UBC Campus & Community Planning, Sustainability & Engineering unit. Loans are provided and administered by UBC Treasury.
What is a Sustainability Revolving Fund?
A Sustainability (or Green) Revolving Fund provides financing for implementing energy efficiency and other sustainability projects that result in ongoing cost savings. These savings are tracked and used to replenish the fund for the next round of investments.
For any questions, please email firstname.lastname@example.org
Program contacts: Bud Fraser, Sustainability & Engineering, 604-822-1501