Decision details

Cherwell District Council has been awarded funding through Phase 4 of the Government’s Public Sector Decarbonisation Scheme (PSDS) which is subject to formal acceptance and compliance with the scheme’s delivery requirements.

Resolved

(1)            That it be agreed to proceed with the implementation of grant funding of £ 1,099,862 from the Public Sector Decarbonisation Scheme (PSDS) 4 as awarded by Salix Finance.

(2)            That an increase in the capital programme of £1,099,862 in line with the level of grant award, profiled in line with the timetable for receipt of the grant, be approved.

(3)            That the Net Zero Capital Projects budget be reprofiled to meet the match funding contribution of £350,911.40 and a further £210,000 to support deliver of the PSDS programme to fund:

·       Property team capacity and budget resource (personnel and funding) to manage procurement, contracts, installation oversight, and maintenance.

·       Capacity and budget resource (personnel and funding) to address

outstanding rectification works from the previous PSDS-funded projects.

(4)            That the financial implications associated with the acceptance of the Public Sector Decarbonization Scheme 4 Grant, including that the profile of grant receipts is not flexible and so any slippage in the project will result in a risk that the council’s contribution to the scheme increases, be noted.