Spend to Save scheme | definition of Spend to Save scheme by Medical dictionary
Spend to Save scheme
Spend to Save scheme A generic UK term for any scheme or project in which money is spent to modernise and improve a device or process and thereby save money by increasing efficiency and lowering running costs. Spend to Save schemes are most effective reducing energy bills for facilities, by replacing boilers, cooling towers, fans, lighting fixtures and so on.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.
References in periodicals archive
He said it was a "spend to save scheme
" over the long term.
"The contract cost, however, was borne jointly by the Assembly Government and the seven LHBs as part of a spend to save scheme
Clarke announced his Spend to Save scheme
which, he believes, will bring in billions in lost revenue.