Issue details

LCR 83 - Strategic Investment Fund: Provision of Grant Support to Eureka! The National Children's Museum

Approval is sought to provide grant support of up to £6,642,000 to Eureka! The National Children’s Museum. The grant will be used to co-finance the construction of the Eureka! Mersey museum. This will be based at Seacombe Ferry Terminal. This is a key decision by virtue of the quantum of finance provided.

Decision type: Key

Reason Key: Financial Impact;

Decision status: Recommendations Approved

Local Authorities affected: Wirral Metropolitan Borough Council;

Notice of proposed decision first published: 17/07/2019

Reason for urgency:
This decision was orginally forecast to be considered at the September meeting of the LCR Combined Authority. Following consideration of the full business case at the Investment Panel on 11 July 2019, it came to light that the applicant would greatly benefit from the Combined Authority considering this application for SIF Funding in July 2019. The applicant has advised that other funding streams are conditional upon the SIF funding being agreed and this would bring forward the receipet of other funding streams. Early decision by the Combined Authority would also facilategreater confidence in the programme eliminating the risk of any delay which would hae implications for achieving the agreed programme timeline and opening date. As the item has missed the key decision notification period, it will be considered using the General Exception procedure rules set out in the Combined Authority's Constitution.

Decision due: 28 Jun 2019 by Liverpool City Region Combined Authority

Lead director: Mark Bousfield

Contact: Antonia de Winter Email: Antonia.DeWinter@liverpoolcityregion-ca.gov.uk.

Consultees

Investment Panel

Making Representations: Mark Bousfield Email: mark.bousfield@liverpoolcityregion-ca.gov.uk

Decisions

Documents