Welsh Building Safety Developer Loan Scheme

May 18, 2023 Cabinet (Cabinet collective) Key decision Approved View on council website
Full council record
Purpose

 Mae Llywodraeth Cymru wedi cyhoeddi y bydd yn ariannu Cynllun
Benthyg Diogelwch Adeiladau i Ddatblygwyr Cymru.
Gofynnwyd i Gyngor Caerdydd ddatblygu, gweithredu a gweinyddu
cynllun i roi benthyciadau di-log i ddatblygwyr preifat yng Nghymru
i wneud gwaith adfer diogelwch tân.
Mae Llywodraeth Cymru wedi neilltuo cyllid cychwynnol o
£20 miliwn i gefnogi blwyddyn 1 y cynllun.

Content

RESOLVED: that
 

1.           
in principle approval be given that Cardiff Council
will develop, operate, and administer a scheme, to provide interest
free loans for a period of up to 5 years, to private developers in
Wales, to undertake fire safety remediation work subject
to  satisfactory mitigation of any
potential financial risk to Cardiff Council.

 

2.           
the Corporate Director, People & Communities be
authorised to agree any details terms and conditions with Welsh
Government in respect to the Scheme.

 

3.           
Delegated authority be given to the Corporate
Director, People & Communities, in consultation with the
Corporate Director Resources (S151 Officer), and the Cabinet
Members for Finance, Modernisation & Performance and for
Housing & Communities to undertake due diligence to fully
develop, implement and report on a loan scheme.
 

Supporting Documents

Cabinet 18 May 2023 Building Safety Developer loan.pdf

Details

OutcomeRecommendations Approved
Decision date18 May 2023
Subject to call-inYes