Purpose

The Council’s Financial Regulations state that the acceptance of external funding of between £100,000 and £1.0M requires Cabinet / cabinet member approval in consultation with the Chief Financial Officer.

Decision

RECOMMENDED that: -

(a)           Accept the £619,283.37 from the Department for Transport funded Traffic Signal Obsolescence Grant & Green Light Fund; and

(b)           Delegate investment of the Traffic Signal Obsolescence & Green Light Fund grants to the Director for Planning & Transport in consultation with the Chief Finance Officer.

Voting: Unanimous

Portfolio Holders: Dynamic Places

                             Climate Emergency

Reason

Financial Regulations require the acceptance of external funding of between £100,000 and £1.0m to be approved by Cabinet in consultation with the Chief Financial Officer.

The grant shall be used to upgrade identified (prioritised) signal assets (crossings and junctions) that are at end of life ensuring that they continue to operate. The upgrades shall result in reduced energy consumption.