Decision details

UK Shared Prosperity Fund (UKSPF) grant spend of £40,000 to Surrey County Council to deliver a project under intervention E29 Supporting Decarbonisation and Improving Natural Environment

Decision Maker: Assistant Director: Regeneration and Planning Policy

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

As approved at the Executive held on 20 March 2023
(EX107: The Executive: 1. Approved progression of Guildford’s UKSPF and REPF plans, as outlined in the report), the Surrey SME Decarbonisation Loan Pilot will be delivered by Surrey County Council (SCC) on behalf of Guildford Borough Council and other local Councils. The initiative will provide business advice to applicants and then low interest loans of between £5k-£15k to eligible SME businesses to install energy efficiency measures to reduce their carbon emissions and provide energy savings.

This project aims to support SMEs to invest in decarbonisation measures including heating, lighting and energy efficiency measures. This will help the business to reduce their carbon emissions and provide annual energy savings to the business. The project will also help contribute towards the target of Surrey being net zero by 2050.

The loan pilot will operate across participating Surrey Districts and Boroughs. Phase 1 of the loan pilot has capital funding of £200k.

Subject to the success of stage 1 of the pilot and agreement by the SCC Capital Programme Panel, a further £400k will be available for stage 2.


Reasons for the decision:

In order to support the UKSPF grant 2022-2025 in the borough, Guildford Borough Council is entering into a Funding Agreement with SCC to enable SCC Greener Futures Team to deliver the Surrey SME Decarbonisation Loan Pilot on behalf of Guildford Borough Council. The cost is £40,000 of UKSPF revenue grant.

The UKSPF is part of the Government's national Levelling Up Initiative, via the Dept of Levelling Up, Housing and Communities (DLUHC).

Alternative options considered:

None.

Source of Authority to take Decision:

Council Constitution dated 16 December 2021, Part 3, Page 3-57, paragraph 2(c):

GENERAL DELEGATION TO ALL DIRECTORS AND SERVICE LEADERS

2. To undertake the day-to-day management and operation of staff reporting to them and of the premises and services for which they are responsible in accordance with the policies and procedures laid down by the Council, including:

(c) Entering into contracts (in consultation with the relevant Lead Councillor where the value is above £200,000), memoranda of understanding or other arrangements.



Publication date: 08/07/2024

Date of decision: 05/07/2024