Purpose

To consider the report of the Cabinet Member
for Finance and Change detailing any financial decisions required
of a capital or revenue nature.

Decision

(i) 
To accept and apply the grant funding from DFT, for Local Electric
Vehicle Infrastructure (LEVI) grant of £1.63M and Traffic
Signal Obsolescence Grant (TSOG) of £0.58M; and
(ii) 
To approve addition and spend of £2.21M which has been added
to the Growth and Prosperity capital programme.

Reasons for the decision

1. 
In accordance with the financial procedure rules (FPRs), all grant
funding amounts between £0.50M and £2.00M must be
approved by Cabinet.
2. 
In accordance with the FPRs, all capital additions between
£0.50M and £5.00M must be approved by Cabinet.

Alternative options considered

Not to accept the grant funding. This would
result in a significant shortfall in electric vehicle
infrastructure across the city, as there is currently insufficient
capacity within existing budgets to deliver this
infrastructure.