Decision details

Request to bid for Social Housing Decarbonisation Grant (Wave 3)

Decision Maker: Corporate Director of Resources

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

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.

Reasons for the decision:

To enable a bid to the Warm Homes Social Housing Fund wave 3 (WH:SHF wave3) programme to support social housing decarbonisation

Alternative options considered:

Not to bid: This was rejected as the bid provides additional external funding to support the social housing decarbonisation programme.

Publication date: 25/11/2024

Date of decision: 22/11/2024

Accompanying Documents: