Issue - meetings

In November 2023 the council was informed by the Department for Transport (DfT) it had been allocated £119k of Traffic Signal Obsolescence Grant (TSOG) and that it could apply for a further £500k from the Green Light Fund (GLF) by 18 December 2023.

The council submitted an application to the GLF by the December deadline and in March 2024 the DfT wrote to confirm success and payment of £619k (=£119k TSOG + £500k GLF). 

This paper informs Cabinet of the success and seeks delegation to formally accept and invest the awarded grant in line with the application. 

RECOMMENDED that: -

(a)           Accept the £619,283.37 from the Department for Transport funded Traffic Signal Obsolescence Grant & Green Light Fund; and

(b)           Delegate investment of the Traffic Signal Obsolescence & Green Light Fund grants to the Director for Planning & Transport in consultation with the Chief Finance Officer.

Voting: Unanimous

Portfolio Holders: Dynamic Places

                             Climate Emergency

Reason

Financial Regulations require the acceptance of external funding of between £100,000 and £1.0m to be approved by Cabinet in consultation with the Chief Financial Officer.

The grant shall be used to upgrade identified (prioritised) signal assets (crossings and junctions) that are at end of life ensuring that they continue to operate. The upgrades shall result in reduced energy consumption.

The Portfolio Holder for Climate Response, Environment and Energy presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'I' to these Minutes in the Minute Book.

Cabinet was advised that in November 2023 the council was informed by the Department for Transport (DfT) it had been allocated £119k of Traffic Signal Obsolescence Grant (TSOG) and that it could apply for a further £500k from the Green Light Fund (GLF) by 18 December 2023.

In relation to this Cabinet was informed that the council submitted an application to the GLF by the December deadline and in March 2024 the DfT wrote to confirm success and payment of £619k (=£119k TSOG + £500k GLF), and that the report informed Cabinet of the success and seeks delegation to formally accept and invest the awarded grant in line with the application.

Cabinet members spoke in support of the report and praised officers for their successful bid.

RESOLVED that Cabinet: -

a)             Accept the £619,283.37 from the Department for Transport funded Traffic Signal Obsolescence Grant & Green Light Fund; and

b)             Delegate investment of the Traffic Signal Obsolescence & Green Light Fund grants to the Director for Planning & Transport in consultation with the Chief Finance Officer.

Voting: Unanimous

Portfolio Holders: Dynamic Places

                             Climate Emergency

Reason

Financial Regulations require the acceptance of external funding of between £100,000 and £1.0m to be approved by Cabinet in consultation with the Chief Financial Officer.

The grant shall be used to upgrade identified (prioritised) signal assets (crossings and junctions) that are at end of life ensuring that they continue to operate. The upgrades shall result in reduced energy consumption.