Decarbonisation Funding - Hinksey Pool
Decision Maker: Chief Executive
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
Salix Finance offered £1.6m funding for decarbonisation work at Hinksey Pool under the first funding round of Public Sector Decarbonisation Funding.
To agree to the grant terms outlined in the offer of funding from Salix Finance.
Reasons for the decision:
To enable the Council to benefit from £1.6m of Salix funding for decarbonisation work at Hinksey Pool.
A ten day window was given to Oxford City Council to either accept or decline the funding.
Alternative options considered:
Option 1 - Accept funding
– preferred option
Option 2 - Decline funding - not the preferred option as this would represent a missed opportunity to support the Council’s strategic priority of Pursuing a Zero Carbon Oxford.
Signed off by senior officers:
Gordon Mitchell, Chief Executive
Decision taken in consultation with Councillor Susan Brown, Leader, Councillor Ed Turner, Cabinet Member for Finance and Asset Management, Councillor Tom Hayes, Cabinet Member for Green Transport and Zero Carbon Oxford, Nigel Kennedy the Head of Financial Services and Anita Bradley, Head of Law and Governance
Publication date: 27/01/2021
Date of decision: 23/12/2020