Decision

The Director of Planning, Transport & Environment has decided to approve the signing of a financial assurance letter for Cardiff Heat Network Ltd.

Analysis

outcome: The signing of the financial assurance letter requested by the external auditors of CHN was approved.

summary: The financial assurance letter for Cardiff Heat Network Ltd is at stake in the decision.

topline: The Director of Planning, Transport & Environment has decided to approve the signing of a financial assurance letter for Cardiff Heat Network Ltd.

reason_contentious: This issue may be contentious as it involves the Council acting as the ultimate financial guarantor for CHN.

affected_stakeholders: ["Cardiff Heat Network Ltd", "External auditors", "Council"]

contentiousness_score: 5

political_party_relevance: There are no mentions or implications of political parties in the decision.

URL: https://cardiff.moderngov.co.uk/ieDecisionDetails.aspx?ID=2479

Decision Maker: Director of Planning, Transport & Environment

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose:

Content: AGREED: thatthe signing of the financial assurance letter (Appendix 1) requested by the external auditors of Cardiff Heat Network Ltd (‘CHN’) be approved, confirming the Council’s position as ultimate financial guarantor for the company in relation to the approval of CHN’s accounts for the 2024/25 financial year. This support to CHN will cover a period of 36 months from the financial period ended 31 March 2025, up to a maximum of £1 million. To provide the necessary assurance to auditors that will enable completion of CHN’s annual audit for the 2024/25 financial year.

Date of Decision: January 30, 2026