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.
References in periodicals archive ?
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.