Purpose

To seek approval to accept and spend funding
from the European Union Horizon Europe NetZeroCities Pilot Cities
Programme to establish a series of innovative financial mechanisms
to help achieve the city’s climate change goals and to
implement the project.

Content

That Cabinet:

1.     
Noted that this project partnership which includes Bristol City
Council in the role of lead partner has been successful in securing
Euro 1.5 m (approx. £1.3m) funding from the European Union
Horizon Europe NetZeroCities Pilot Cities Programme to establish a
series of innovative financial mechanisms to help achieve the
city’s climate change goals and implement the project.

2.     
Authorised the Executive Director of Growth and Regeneration in
consultation with the Cabinet Member for Climate, Ecology, Energy
and Waste; and S151 Officer, to accept the totality of this funding
as lead partner and take all steps required to enter into contract
with the funders to accept and spend the funding (including
disbursing the funding to project partners and procuring and
awarding contracts over £500k) to implement the project as
set out in the proposals to the NetZeroCities Pilot Cities
Programme and to make any amendments to the project as necessary
for successful delivery.

3.     
Noted officers will closely monitor the progress of the work
delivered by partners and regularly take to G&R EDM regular
(quarterly) progress reports which include spending details for all
aspects of the project.