How will the Strategic Investment Fund be used?
As a Combined Authority, we have already identified projects that we can support with the fund, including:
- Ultra-fast broadband for every borough, delivered by building a fibre ‘superspine’, that will connect all six of our constituent districts.
- A new smart ticketing system for public transport, to make it easier and faster to travel around the city region.
- Help for our high streets, through a £5 million Town Centre Fund that will help regenerate towns throughout our city region.
- And a new generation of Mersey Ferries.
Devolution gives us the opportunity to do things differently – and one of the ways we will do that is by making clear to those who apply for funding, that they will have a better chance of success if their bids demonstrate positive social impact on our communities. These are the projects that promise to use local labour, refuse to use zero-hour contracts, create apprenticeships and pay the real living wage.
The £25m LCR Urban Development Fund is a new funding route to foster smart, sustainable and inclusive growth for our Liverpool City Region.
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More policy information
If you would like to learn more about our strategic investment fund policy or are looking for guidance and procedures to get involved with our strategic investment fund schemes then please visit our policy documents page. Our policy documents offer detailed information on the various policies.