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Liverpool City Region Combined Authority launches £18 million skills capital fund

Friday June 7th, 2019

Liverpool City Region Combined Authority has launched an £18m fund to enable local colleges and learning providers to improve their facilities.liverpool_4428132Sml

This is the third Liverpool City Region skills capital investment prospectus, with more than £30 million already invested in 40 schemes across the city region.

Of the £18m available, it is expected that £8m will be invested in new sites and premises, up to £2m in learning and skills equipment, and £3.5m in improvements to existing learning facilities.

The £18m funding comes from the Local Growth Fund. Local Growth Funding is awarded to the Liverpool City Region Local Enterprise Partnership (LEP) and invested through the Liverpool City Region Combined Authority’s Strategic Investment Fund.

Colleges in the Liverpool City Region will also benefit from up to £3.5m of dedicated funding for maintenance of their campuses and up to £1m for investments in low carbon technologies. Low carbon investments will decrease colleges’ carbon footprint and reduce energy costs over time with savings re-invested for the benefit of learners.

Steve Rotheram, Metro Mayor of the Liverpool City Region, said: “Our skills capital investments into local colleges and providers have allowed them to improve their facilities. This investment gives them the right environment and tools to deliver the technical and vocational training our employers and learners in the city region need to compete in the 21st century economy. I look forward to supporting further skills capital investments that provide new learning and apprenticeship opportunities for local residents.”

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