Issue - meetings

Report of the Cabinet Member for Green City and Place seeking approval to spend against Phase 1 of the Clean Growth Fund

DECISION MADE: (CAB 20/21 29462)

On consideration of the report of the Cabinet Member for Green City and Place, Cabinet agreed the following:-

(i)  To approve capital expenditure of £1.17 million from the existing Clean Growth fund capital scheme to be funded £0.59M from Contributions, £0.39M from Council Resources and £0.20M from Grants.

(ii)  To delegate approval to Executive Director of Finance and Commercialisation in consultation with Executive Director of Place to approve the terms and conditions agreement with Salix Finance to enable the drawdown of money in phase 1.

(iii)  To delegate approval to the Executive Director of Finance and Commercialisation, following consultation with the Executive Director of Place to secure additional grant funding or to approve changes to the delivery of phase 1 if required.