Agenda item

Report of the City Surveyor.

The Sub-Committee considered a report of the City Surveyor which provided Members with an update regarding progress in establishing the Energy Efficiency Fund and with current activity by the Corporate Energy Team to support and promote use of the Fund. The report also proposed that the Fund be renamed to Energy Interest-Free Loan Scheme.

Members commented that the Scheme had launched fairly recently, so the amount of applications received in the short period since the Scheme had been launched was quite encouraging.

The Chamberlain explained that energy costs were typically paid from a Department’s local risk budget, so any savings realised by projects funded through the Scheme would result in savings which could be retained by the Department onc the loan has been repaid.

RESOLVED – That the Sub-Committee:

a)     Notes the report, and the actions being taken to increase take-up of the Energy Efficiency Fund.

b)     Approves the renaming of the fund from ‘Energy Efficiency Fund’ to ‘Energy Efficiency Interest-Free Loan Scheme’.