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Metro Mayor Delivers £150m COVID Recovery Fund on Day One
The Liverpool City Region economy is set to benefit from a £150m COVID Recovery Fund Steve Rotheram announced on day one of his second term as Metro Mayor.
Speaking as he signed his acceptance of office as Liverpool City Region Metro Mayor, the Mayor said that the next tranche of the Combined Authority’s devolved gainshare funding would “form the bedrock of our COVID recovery fund”.
Steve Rotheram was resoundingly re-elected with an increased majority of over 132,000 on the first round of voting in Thursday’s local elections, winning almost 60% of the vote across the region and a majority in each of the six local authority area.
In his election manifesto, Mayor Rotheram promised that he would secure £150m in funding from government and use this to create a city region COVID recovery fund to create jobs and support businesses as the region emerges from the pandemic. This new investment is expected to formally be confirmed by government in the coming days.
Announcing the new funding, Steve Rotheram, Metro Mayor of the Liverpool City Region, said:
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