Decision details

LCR 149 - Strategic Investment Fund (SIF) Investment Strategy and Assurance Framework

Decision Maker: Liverpool City Region Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Investment Strategy sets out the overarching principles, priorities and management process for investing in good growth across the City Region which supports the economic development ambitions that is both socially inclusive and environmentally responsible.

 

This is supported by the Assurance Framework, which provides the context within which the Investment Strategy exists.

 

The Strategy will inform all future Combined Authority investments and provide the framework to guide these funding decisions.

Decision:

The Liverpool City Region Combined Authority RESOLVED that:-

 

(i)           the draft Investment Strategy, set out in Appendix One be approved;

 

(ii)          the draft Assurance Framework, set out in Appendix Two be approved; and

 

(iii)         authority be delegated to the Director of Commercial Development and Investment and the Combined Authority Monitoring Officer to make minor amendments post 25 September 2020 in order to finalise the Investment Strategy and the Assurance Framework with Government. If more significant matters are raised by Government, officers will conclude the Investment Strategy and Assurance Framework in consultation with the Portfolio Holder for Inclusive Economy and Third Sector.

Publication date: 25/09/2020

Date of decision: 25/09/2020

Effective from: 03/10/2020