Issue - decisions

Cabinet:

1.      Authorised the Executive Director for Growth and Regeneration, in consultation with the Cabinet Member for Energy, the Cabinet Member for Finance, and the s151 Officer, to apply for and accept revenue and capital grant funding from the Heat Network Investment Project (HNIP) to support the delivery of the council’s heat network projects. Note that, if accepted, Heat Network Investment Project grant award must be held by a special purpose vehicle (SPV), which is subject to a separate Cabinet approval;

2.      Subject to capital grant funding of £5.3m being award by the HNIP, Approved the allocation of up to £4.9m (funded from prudential borrowing) for the next phase of the Bristol heat networks as noted in this Cabinet report, to be deployed in line with the phasing of planned development as contained in Table 1 below (revisions to this will be subject to business cases being agreed with the s151 Officer);

3.      Authorised the Executive Director for Growth and Regeneration in consultation with the Cabinet Member for Energy, to:

a) agree terms and approve associated waste heat supply contracts with the University of Bristol;

b) agree terms and approve associated contracts for joint heat supply project(s) with Geneco/Wessex Water (sewer heat) and the Coal Authority (former mineworkings);

4.      Authorised the Executive Director for Growth and Regeneration, in consultation with the Cabinet Member for Energy, to sign heat connection agreements with customers and procure and enter into contracts for delivery of all goods, works and services (including associated operation and maintenance contracts) referenced in Appendix A to this Cabinet Report to the value of the funding agreed;

5.      Cabinet to note that BCC are in the process of setting up a City Leap Joint Venture that could be the actual capital fund source for this and other related schemes rather than BCC Prudential borrowing.