£9.8m available to drive economic growth

Posted 19th September 2012
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The North West European Regional Development Fund (ERDF) team has issued a call for Capital Investment projects under Priorities 3 and 4 of its investment framework.

Supported by Liverpool City Region Local Enterprise Partnership (LEP), the call seeks bids in Merseyside (Knowsley, Liverpool, Sefton, St. Helens and Wirral) across three themes:

Promoting Clean and Sustainable Urban Transport
Investment in Key Strategic Sites
Creation of New Workspace
Combined, the £9.8m available is towards the development of new buildings, offices or business units often in areas that have been identified as key sites for construction, as well as projects which contribute to creating a sustainable transport infrastructure.

Alan Welby, LEP Executive Director, said: “This call is great news for the region not only does it address development constraints paving the way for local developers to free up stalled projects but will ultimately help create jobs in the area.

“Allocations will be made with local partners and Department for Communities and Local Government (DCLG) in line with the City Regions strategic goal to accelerate economic growth across the region.

Alan added: “Alongside initiatives such as Chrysalis, the urban investment fund for the City Region, we are keen to encourage as much private sector led development as possible to create jobs.”