Budgeting for Sustainability
天美传媒 Sustainability Budgets
To support its work on sustainability, the 天美传媒 has three distinct budgets.
Capital Budget
Since 2008 the 天美传媒 has invested 拢3.6尘 capital in its Decarbonisation 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
Revenue Budget
Every year since 2013/14 the 天美传媒 has set aside a ring-fenced revenue budget for sustainability, however, every year additional sustainability spend takes place across the 天美传媒.
In the financial year of 2023/24 a budget of 拢20,000 has been approved.
The income from the Feed In Tariff from generating energy from solar panels, is also ring-fenced for use by the Sustainability Steering Group.
The average annual income from the Feed In Tariff is approximately 拢8,000.
Budget for Student and Staff Sustainability Projects
The 天美传媒 makes available three independent funds.
Sustainability Budget
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 天美传媒's sustainability budget:
- BedsSU - Lift Sticker Campaign (2017)
- Staff - Beekeeping Project (2018)
- BedsSU - Recycling Stickers for bins (2018)
- Sustainability Forum - UN Sustainable Development Goals Conference (2019)
- Beds SU Environment Society - Reverse Vending (2020)
Beds Talks
The 天美传媒 will support up to six Beds Talks a year, with up to 拢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.
Bids for Beds
Bid for Beds invites staff to submit proposals for a share of 拢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.
Salix Finance
Since 2008 the 天美传媒 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 天美传媒's RGF is a match funded budget to the total of 拢500,000 comprising funding from both Salix Finance and the 天美传媒.
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.
Higher Education Funding Council of England Revolving Green Fund Round Three (RGF III)
The 天美传媒 was successful in securing 拢468,000 funding for carbon reduction.
Salix Energy Efficiency Loans (SEELS)
The 天美传媒 participated in the Salix Finance SEELS scheme, and secured a 拢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 拢850,000.
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