Decision details

Freeport Memorandum of Understanding

Decision Maker: Liverpool City Region Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Provide an update on the LCR Freeport, notably an update on the Full Business Case and the requirement to agree a Memorandum of Understanding between Government, Freeport Management Board, St Helens Council, Halton Borough Council and Wirral Borough Council.

Decision:

RESOLVED – That in relation to the Liverpool City Region Memorandum of Understanding and Business Rates Retention Strategy:

 

(a)       the requirements of the Freeports Framework that sets out the performance management, security audit and assurance processes for Freeports in England be noted;

(b)       the LCR Freeport Memorandum of Understanding (MOU) attached as exempt Appendix 1 be approved;

(c)        the Business Rates Retention Strategy attached as exempt Appendix 2 and the framework as outlined in the report to be implemented by the three Freeport billing authorities to help support investment in LCR Freeport Tax Sites, regeneration and levelling up in the City Region be approved; and

(d)       it be noted that there would be a final discussion with Government on minor amendments from the parties to the MOU and approval be given to delegate authority to the Combined Authority Treasurer to agree such amendments in consultation with the Freeport Director and the Metro Mayor.

Report author: Alexandra Clark

Publication date: 05/03/2023

Date of decision: 03/03/2023

Decided at meeting: 03/03/2023 - Liverpool City Region Combined Authority

Effective from: 11/03/2023

Accompanying Documents: