2021 Report details for project: Social Housing Decarbonisation Fund
| Project name | Social Housing Decarbonisation Fund - there are 3 reports for this project: 2021, 2022, 2023 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | BEIS (D1198) - see all reports for this organisation |
| Report year | 2021 (data is from March 2021) |
| Category | Infrastructure - see all reports for this category |
| Description: | The programme will play a key role in decarbonising social housing over the 2020s, aligning with a number of government and departmental outcomes to help achieve legally binding carbon and fuel poverty targets. |
| DCA (RAG) | Amber |
| DCA text: | The Infrastructure Project Authority's Delivery Confidence Assessment rating is Amber.This is primarily due to the following factors: Whilst near-term milestones are being met, a number of medium to long-range risks are impacting delivery confidence. Firstly, the Programme team remains under-strength as is enters an intense 12 months period in which it is necessary to undertake major approval and assurance work for both the first two delivery phases and the Programme's Technical Assistance Facility. Secondly, funding for the first phase (Wave 1) commencing delivery in early 2022 has recently been increased from £60m to £160m, adding pressure onto short resources and the necessarily fixed final approval deadline. Finally, the absence of longer term funding certainty beyond Financial Year 21/22 constrains the Fund's ability to signal the degree of confidence needed for the retrofit supply chain to grow sufficiently to meet the cumulative high demand of this and other schemes from 2023 onwards. All risks are being actively mitigated. |
| Start date | 2020-09-09 |
| End date | 2030-03-31 |
| Schedule text | The project end-date is 31 March 2030. This is primarily due to the following factors: The planned schedule for the Programme's first phase (Wave 1) must achieve final approval to proceed in Nov 21 in order that the associated £160m of Financial Year (FY) 21/22 grant funding to Local Authorities is transferred as stipulated within the FY; for the winning projects to be delivered in FY22/23. The larger 3-year second phase (Wave 2) of c£1.1bn is scheduled to achieve final approval as early as feasible in FY 22/23 to maximise period of delivery in order to achieve the planned activity and funding for that year. Any delay to this schedule will be due to selection of an alternative delivery method for this first major wave that that is deemed more effect than the current approach involving award and transfer of grants to Local Authorities. |
| Baseline | £55.83m |
| Forecast | £63.48m |
| Variance | 14.00% |
| Variance text: | The budget variance exceeds 5%. Against our agreed FY 20/21 baseline of £55.82m we were able to agree more CDEL funding through the supplementary estimates process to take forward 3 additional projects |
| Whole Life Cost | £4,626.29m |
| WLCost text: | The projects Baseline Whole Life Cost is £4626.29m. This is primarily due to the following factors: The Programme Whole Life Costs include the capital cost for the programme (£3.8bn ex Vat at 2019 prices) + the costs for the BEIS Integrated Project Delivery Team (administration budget) and programme costs for external delivery and monitoring and evaluation partners. |
| Notes1: | |
| Notes2: | |
| Sourcefile | IPA_2021.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.