Decision details

Strategic Investment Fund – LCR Tech Accelerator

Decision Maker: Liverpool City Region Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This is an ambitious accelerator programme, designed to stimulate the growth of the tech sector in Liverpool City Region through high intensity support, mentoring and seed funding for tech businesses. It seeks to address market failures in the sector by developing a strong pipeline of quality deal flow for investors, attracting startups to the region, developing connections and networks amongst SMEs and attracting national and international investors and mentors to LCR.

Decision:

RESOLVED- That:

 

(i)          The provision of £4.1m funding from the Strategic Investment Fund for the project be approved; and

 

(ii)         Delegated authority be granted to the Executive Director of Investment and Delivery to finalise negotiations of detailed funding terms and associated agreements for the Project specified at (1) above in consultation with the Combined Authority Monitoring Officer and Combined Authority Treasurer.

Report author: Adam Collins

Publication date: 22/07/2022

Date of decision: 22/07/2022

Decided at meeting: 22/07/2022 - Liverpool City Region Combined Authority

Effective from: 30/07/2022

Accompanying Documents: