Issue - meetings

A report from the Executive Director Place is attached. (Key decision – reference number 5457)

Councillor Tim Leaver (Cabinet Member for Finance and Procurement) introduced the report of the Executive Director Place setting out potential options available to the Council and the next steps required to develop a full business case, and seeking endorsement of the concept, approach and identified next steps. Councillor Leaver advised members of the committee that a full business case would be developed, and a proposal brought to Cabinet.

DECISION:  The Cabinet agreed

1.    To note and endorse the report, including a budget of up to £100k, to enable the engagement of specialists in this field to undertake a feasibility study and due diligence, focused on carbon offsetting within the borough, the formal (verified) and informal (unverified) carbon offset market and local customer demand, ahead of the development of a full business case.

2.    As detailed in paragraph 33 of the report, a provisional timeline assumes a feasibility study will be concluded in October 2022, and subject to the outcome of that study a full business case will be developed and approved by January 2023.

The report sets out the options considered, if any, and the reasons for the recommendation and the decision.

(Key decision – reference number 5457)