Decision Maker: Environment and Sustainability Policy Committee

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 27, 2025

Purpose: To seek approval to close down the Salix energy efficiency recycling fund and set up a BCC recycling fund to replace it.   Note: This item is subject to availability of capital funding.

Content: The Committee RESOLVED to   1.      Approve the close down of the Salix recycling fund, including the return of £900K of Salix Finance Ltd loan funds, in line with direction given by Salix as the scheme administrator   2.      Approve the establishment of a replacement in-house revolving energy efficiency fund, seed funded as outlined in this report   3.      Delegate authority to the Executive Director, Growth and Regeneration in consultation with Director of Finance and Chair of the Environment and Sustainability Committee to finalise the capital investment profile for further funding of the revolving energy efficiency fund through investment of capital reserves, up to a maximum of £900,000 over a 5 year period.   4.      Approve the widening of the scope of the replacement revolving fund to include all utilities (electricity, gas, heat, water) and all efficiency technologies, subject to minimum payback and carbon saving criteria.