Decision details

LCR 108 - Growing Business Visits and Events across the Liverpool City Region

Decision Maker: Liverpool City Region Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Consideration of an extension to the grant funding request previously submitted to the Strategic Investment Fund (round 1), to support the development of a strategy and commercial subvention model, transitional subvention funding to attract internal and national conferences to the region.

 

The LCR Combined Authority approved the initial request at its meeting on 11 January 2019.

Decision:

The Liverpool City Region Combined Authority:

 

(i)         Noted that the LCRCA agreed at its meeting on 11 January 2019, to invest a £572,833 revenue grant in the Growing Business Visits project to support the development by the Growth Company of a strategy and a commercial model to sustain conference subvention in the Liverpool City Region;

 

(ii)        an increase in Strategic Investment Fund (“SIF”) revenue grant funding support from £572,833 to £1,572,833 for use in the period set out in paragraph 3.9 of the report now submitted; and

 

(iii)       authority be delegated to the Director of Commercial Development and Investment, in consultation with Monitoring and Treasurer officers, to finalise negotiations of detailed terms of the funding materially in line with the existing grant funding agreement which was signed by all parties on 8 August 2019. Any material variations to the project as detailed in this report are referred back to the Combined Authority for consideration.

Publication date: 06/12/2019

Date of decision: 06/12/2019

Effective from: 14/12/2019

Accompanying Documents: