To consider a report of the Portfolio Holder: Inclusive Economy and Third Sector and the Director for Commercial Development and Investment.
The LCR Combined Authority considered the report of the Portfolio Holder: Inclusive Growth and Third Sector and the Director of Commercial Development and Investment which sought approval of Strategic Investment Fund grant support for the scale-up of the Agent Academy industry led-social enterprise programme.
Councillor P Hackett, Portfolio Holder: Inclusive Growth and Third Sector reported that the Agent Academy assisted 16-25 year olds to gain the skills to begin careers in the digital, creative and tech industry. He explained that Agent Academy was based in the Baltic Triangle, Liverpool and young people were provided with an opportunity to participate in the 12 week programme, with 90% of finishers securing a full time job. The grant support would enable the programme to expand its cohort and to run programmes in Wirral and St Helens.
RESOLVED – That:-
(i) grant funding of up to £706,299 allocated from SIF Skills Capital (£121,388) and Gainshare Revenue (£584,911) be approved; and
(ii) authority be granted to the Director of Commercial Development and Investment, in consultation with the Combined Authority Monitoring Officer and Combined Authority Treasurer, to finalise negotiation with the Sponsor of the detailed terms of the legal agreements necessary to deliver the project.