Funding for Skills Capital in Liverpool City Region
Liverpool City Region successfully secured £41.1m of Local Growth Fund (LGF) monies in 2014 to support skills capital investments as part of our Growth Deal with Government and a further £8m from LGF Round 3 in 2017. Circa £18m is currently available for skills capital investment under the Liverpool City Region Combined Authority Strategic Investment Fund (SIF).
Funding awards will:
- prioritise support towards capital investment that encourages learning and training in the identified City Region growth sectors; in sectors where there is a high volume of replacement demand, job generation and/or significant named employer support in the Liverpool City Region for a proposal;
- be awarded on a competitive basis to ensure that the skills priorities including the impact on growth for the area can be met (with the exception of investment strands ring-fenced to Liverpool City Region General FE Colleges);
- be prioritised to support proposals that clearly evidence the impact and benefits of the educational and economic case across the Liverpool City Region area and in addressing market gaps and local growth opportunities.
All projects should demonstrate high value for money, offer scalability to addressing needs and consider and manage delivery risks with applicants will be encouraged to lever in additional investment to improve value for money.