Decision details

LCR 93 - Strategic Investment Fund: Createch Scale-Up Programme

Decision Maker: Liverpool City Region Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Recommendation to approve grant support of up to £3,486,400 to fund a programme of intensive support business for scale-up tech-enabled SME business in the Liverpool City Region.

 

This is a key decision by virtue of the quantum and community impact of the finance provided.

Decision:

The Liverpool City Region Combined Authority agreed that:-

 

(i)                 a budget of up to £4,486,400 allocated from Gainshare Revenue (£3,150,260) and Gainshare Capital (£336,140) be approved;

 

(ii)               the appointment of the successful bidder following the conclusion of the procurement exercise (“the Supplier”) as service provider to deliver the programme be approved;

 

(iii)              authority be granted to the Director of Commercial Development and Investment, in consultation with the Combined Authority Monitoring Officer and Combined Authority Treasurer, to finalise the terms of any legal agreements necessary to secure the services of the Supplier.

Publication date: 04/10/2019

Date of decision: 04/10/2019

Effective from: 12/10/2019

Accompanying Documents: