Local Growth Fund

The Local Growth Fund is the Government’s funding pot of at least £2bn a year from 2015/16 to 2020/21.  Most of the funding is allocated through a competitive process.

To date the Liverpool City Region has secured £336m of Growth Deal funding from Government.

The first Growth Deal with Government was announced on 7 July 2014.  It was signed in Liverpool on 5th November 2014.

Government announced a further round of Growth Deals at the Budget in March 2016. The third Growth Deal was announced on 23 January 2017.

Latest information on the investments on the first Growth Deal can be found below.

Local Growth Fund Schemes 2016/17

SchemeScheme SponsorFunding YearsLGF Value
Halton CurveMerseytravel2016 to 2018
£16.07m
Maghull NorthMerseytravel2016 to 2018
£16.10m
A565 North Liverpool Key CorridorsLiverpool City Council2016 to 2019£13.3m

 

Skills Capital Investment Fund

ProjectProject SponsorFunding YearsSCIF Value
Strands 1-3Skills Capital Investment Fund2015 to 2017
£34.57m
Strand 4 (Low Carbon)Skills Capital Investment Fund2015 to 2017
£6.5

Management and allocation of Local Growth Funds adhere to an Assurance Framework as set by Government to ensure accountability and transparency for public funds. For Local Growth Funds allocated funds prior to the inception of SIF the Assurance Framework dated April 2016 was used.

Local Growth Fund 3 is managed by the Combined Authority through the Single Investment Fund (SIF)

Liverpool City Region SIF