Below are some of the most frequently asked question regarding our services. If none addresses your question or if you require more clarification, please do not hesitate to contact us.
Our social mission is to generate additional resources to fund projects which make a positive social impact within the schools community and we will only fund installations that are projected to generate a financial surplus. The funds that are generated for the school must be earmarked for improving the life chances of the disadvantaged pupils and this information is recorded and shared with our stakeholders. This can include SEN Teaching Staff, Breakfast Clubs and appropriate educational visit cost.
Our approved contractors have successfully completed countless installations in educational premises. LED lighting can be installed during evenings and weekends to avoid any disruption to the school day. Operatives are DBS checked and the project is overseen by independent Chartered Surveyors to ensure everything runs smoothly.
The equipment remains the property of the funder for the duration of the lease. When the lease expires there are options to purchase or return the equipment or extend the term.
The parts and labour warranties we have currently obtained for LED lights match the period of the lease – 13 years – giving you complete peace of mind. The lights have an expected life of over 20 years so should last well beyond the initial 13 years
As a social enterprise financial institution that is accredited by the Department of Business Energy and Industrial Strategy we are required to be self-sustaining and thus must charge interest. However, as a social enterprise we have set the interest rate at the lowest legal figure for an operating lease. This is typically at least half of the rate that for-profit finance companies are offering finance in this sector.
The funding is provided by Santander
The payments are made quarterly in arrears via standing order for 13 years
Less is More funding is currently available to all schools in England and Wales.
LED stands for Light Emitting Diode. They are an extremely energy efficient form of lighting which does not create heat as a by-product like incandescent lighting. This means that they are up to 80% more efficient than traditional bulbs.
PV Panels convert the sun’s energy into electricity, even on cloudy days. If you are interested in the detail, here’s the science . They are simple to install, require little servicing and are very safe.