The PSDS £325/tCO2e value-for-money ceiling

The £325/tCO2e ceiling is the value-for-money rule a PSDS scheme must pass before it can be awarded. Lifetime grant cost divided by lifetime tonnes of CO2e displaced must not exceed £325 [Salix].

Oliver Wakefield-Smith
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Primary source · Salix Finance PSDS portal salixfinance.co.uk/PSDS last verified 22 Jun 2026

Where £325 comes from

The threshold is set by Salix Finance on behalf of DESNZ as the Grant Carbon Cost cap on lifetime emissions reduction [Salix]. It is the operational expression of HM Treasury value-for-money guidance: a public-sector spending decision should not pay more per tonne of CO2e abated than the appraised social cost of carbon would justify.

How it is calculated

£/tCO2e = grant capital cost / lifetime tCO2e displaced. The lifetime convention used by Salix in award lists is 20 years for heat-pump and fabric measures. Fossil-fuel kWh × grid carbon factor × proportion displaced × asset life = lifetime kgCO2e [DESNZ].

What passes and what fails

MeasureLifetime kgCO2eCapital ££ / tCO2evs £325
Loft and cavity insulation850,000£140,000£165PASS
LED relamp (bundled)320,000£85,000£266PASS
Fabric-first package1,100,000£310,000£282PASS
ASHP with fabric1,500,000£480,000£320PASS
ASHP without fabric900,000£420,000£467FAIL
GSHP small site720,000£430,000£597FAIL

Has the threshold changed across phases?

The £325 lifetime GCC ceiling became the binding test in Phase 4 [DESNZ]. Earlier phases used different mechanics (first-come-first-served queue in 3c, before the targeted-allocation model in 3d). No public confirmation exists of the Phase 5 ceiling; assume £325 until DESNZ states otherwise [DESNZ].

See: GCC threshold, grant-size estimator, fabric-first, case awards.