Issue - meetings

To consider a report of the Portfolio Holder: Inclusive Economy and Third Sector and the Director of Commercial Development and Investment.

           The LCR Combined Authority considered the report of the Portfolio Holder: Inclusive Economy and Third Sector and the Director of Commercial Development and Investment which presented a number of requested changes by Liverpool City Council in relation to the City Centre Connectivity 1, which was a previously approved Strategic Investment Fund (SIF) project.

           Councillor P Hackett, Portfolio Holder: Inclusive Economy and Third Sector, reported that £38.4million of SIF funding was being requested to support the works required on the Churchill Flyovers.

           RESOLVED – That:-

(i)             the LCRCA agreed to invest £38.4 million to the City Centre Connectivity 1 scheme in October 2017 be noted;

(ii)            the changes requested to increase the SIF support from £38.4m to £40.15m and recognising the change to scope be agreed; and

(iii)           delegated authority be granted to the Director of Commercial Development and Investment to finalise negotiations of detailed terms of the funding and associated agreements in consultation with the Combined Authority Monitoring Officer and Combined Authority Treasurer.