Purpose

NYC is preparing a bid for Social Housing
Decarbonisation Fund Wave 3. This provides financial support of up
to 50% for housing retrofit measures to Council owned stock.
Following an expression of interest submitted to the fund on 16th
October 2024 the Council can bid for Wave 3 of this fund, with bid
closing date of 25th November 2024.
The bid value is anticipated to be up to £20.5million, with a
total project cost of up to £41million. This would support
housing retrofit of approximately 2700 dwellings over 3 years April
2025 to September 2028.

Decision

The Corporate Director of Resources as Chief
Finance Officer in consultation with the Executive Member for
Finance, the Executive Member for Culture, Arts and Housing and the
Executive Member for Managing our Environment, authorises the
submission of an application for grant funding of up to
£35.3m and that approval of the scope of the submission and
the final bid document be delegated to the Housing Standards
Manager.