Funding boost for Liverpool developments
The Government has allocated a £13.19m fund to boost growth in the Liverpool City Region.
Liverpool’s Local Enterprise Partnership (LEP) will use the funding to provide infrastructure in support of new projects that will generate jobs and homes in the area.
The fund will work as an interest free loan, allowing the LEP to provide infrastructure such as roads in support of new developments. The cost of that infrastructure is then repayable to the LEP from profits made by the development.
Robert Hough, chair designate of Liverpool City Region LEP, said: “The LEP has already undertaken extensive work to identify potential GPF applications in anticipation of this announcement – which reflects our determination to ensure that this funding is quickly allocated to schemes which will rapidly generate jobs and homes in the city region.”
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