Projects

Epsom & St Helier hospital Tranche I

Energy

Energy Efficiency

MEEF and LEEF have played a pivotal role in providing funding as part of an initiative to upgrade ageing infrastructure across its estate.

Sector

Energy

Energy Efficiency

Location

London, England

Status

Operational

Funding type

Debt - £12m

Financial close

September 2018

Term length

10 year loan

About

Epsom and St Helier University Hospitals NHS Trust provides healthcare services in South West London and Surrey across its two hospital sites at Epsom Hospital and St Helier Hospital. The Trust applied for funds from MEEF and LEEF to support them with the regeneration of the hospital when it was on the brink of closure due to the condition of the hospital facilities.

The EPC comprises a package of energy conservation measures including; LED lighting, HVAC systems, controls and central plant. It also includes the installation of an 800kWe CHP plant and 3 x 2.2MWth gas boilers to replace existing steam boilers along with the associated pipework insulation, motor replacements and controls.

Breathe were selected as the EPC contractor through the Greater London Authority (“GLA”) RE:FIT programme. The Project matched recycled LEEF funds with MEEF to provide a competitive finance option for the Trust.

Key impacts and benefits

Estimated annual energy saving

0 %

from the Energy performance Contract measures

Forecast annual energy saving

£ 0 k

Annual CO2 reduction

> 0,0 tonnes

Sustainable Development Goals (SDGs)

2030 Agenda for Sustainable Development adopted by UN Member States in 2015

SDGs supported:

Outcomes

MEEF has been set up to provide competitive finance to public sector entities in Greater London, including the NHS. The main attributes as to why we invested are:

The measures funded by the investment were estimated to deliver an annual energy saving of 26% which was forecast to save the NHS Trust £670k per annum
The investment has been forecast to deliver an annual carbon saving of over 4,500 tonnes The regeneration and refurbishment of the hospital facilities will help to improve mental wellbeing of staff and patients
The works were delivered by one of the UKs leading EPC contractors through the RE:FIT programme

Epsom & St Helier hospital Tranche I

About

Sustainable Development Goals (SDGs)

Outcomes

Barrow OFTO

East Anglia One OFTO (‘EA1’)

Beatrice OFTO