Content

8.1

The Council has
secured a grant funding offer of £4,007,500 through the
Government’s Social Housing Decarbonisation Fund (SHDF) 2
scheme. This funding would contribute toward the delivery of energy
improvement measures to approximately 370 Council homes.
 
This project directly
supports Sheffield’s strategies and ambitions centred on net
zero carbon by 2030, tackling fuel poverty and providing affordable
warmth. The associated government funding is time limited. To not
access this would be a missed opportunity. The £4m will
offset some of the project cost, reducing some of the pressure on
the council housing capital programme, and indeed the wider Housing
Revenue Account (HRA).
 
The purpose of this
report is therefore to seek approval for the Council becoming the
accountable body for £4,007,500 grant funding from DESNZ
(Dept for Energy Security & Net Zero).

 

 

8.2

RESOLVED UNANIMOUSLY: That Finance Committee approves the Council becoming the
accountable body for £4.07m of grant funding from Tees Valley
Combined Authority for the SHDF 2 scheme, subject to the grant
terms not being materially different to those set out in this
report.

 

 

8.3

Reasons for Decision

 

 

8.3.1

The SHDF2 grant
provides an excellent opportunity to help fund the retrofitting of
some of the least efficient council housing stock across the
city.

 

 

8.4

Alternatives Considered and Rejected

 

 

8.4.1

The alternative is not
to accept the funding. The Housing Revenue Account (HRA) and the
capital programme budget would not benefit from the £4.07m
funding in contribution toward this major improvement
project.