Purpose

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.

Content

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.