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Plans to enable £458m investment in
the Liverpool City Region set to be approved
PLANS are well under way for the
Liverpool City Region Combined Authority to invest significantly in
opportunities to deliver the City Region’s ambitions for economic growth.
A prospectus for a Single Investment Fund (SIF) is due to be considered at the
Combined Authority’s next meeting on Friday, 16 September 2016. The SIF is
the key funding tool for the Liverpool City Region, and will address the City
Region’s strategic priorities. Its implementation is a key part of the City
Region’s Devolution Agreement with the Government. The SIF alone accounts for
£458 million of investment in the City Region over the next 5 years. If
approved, the Combined Authority will then be able to use the prospectus to
commission and fund key growth projects in areas which include business growth
and sector development, research and development, skills development and adult
education budget, transport and other infrastructure, regeneration, town centre
development and culture.
Mayor Joe Anderson, Chair of Liverpool City
Region Combined Authority, said:-
“Since we secured the Devolution Agreement in November last year - which
devolved decision making, funding and resources to the City Region rather than
being made at Whitehall - we have been developing a number of opportunities
which would benefit from the investment and give us the greatest return. A lot
of this work has now culminated in the development of the Single Investment Fund
prospectus, which is aligned to the City Region’s key priorities, to accelerate
economic growth, development and prosperity. Applications to the Single
Investment Fund will be open following approval of the prospectus at this week’s
meeting.”
The full agenda and papers are available
online. The meeting takes
place at 1.00pm at Mann Island, Liverpool, on Friday, 16 September 2016.
Remember you can keep up to date with the latest news from
the Liverpool City Region Combined Authority on Twitter - @LiverpoolCRCA |
