To approve revenue expenditure of £500k to develop a full business plan and procure a delivery partner. To commit £30m of prudential borrowing to a fund to provide fully recoverable energy efficiency loans. The energy efficiency loans will be available to all properties in the city with subsidies available for specific people and specific property types. The effect of the fund will be to reduce energy costs, cut fuel poverty rates and create local employment opportunities.
Decision type: Key
Decision status: Recommendations Approved
Decision due: 12 Dec 2012 by Executive Board
Lead director: Director of Environment and Housing
Department: Environment and Neighbourhoods
Contact: George Munson, Energy and Climate Change Manager Email: george.munson@leeds.gov.uk Email: george.munson@leeds.gov.uk.
Consultation process
The business case was requested by Leeds City Region Leaders and will be presented to LCR CEOs and Leaders in September and October respectively for approval. The business case has been developed in consultation with service across the Council, including finance, housing, procurement, legal, sustainable development and planning, with the Home Energy Project Board providing guidance and challenge. The proposal will be agreed in consultation with the Executive Members for Environmental Services and Housing.
Portfolio Holder: Portfolio: Environment