Decision details

LCR 129 - Strategic Investment Fund - Music Industry Sector Development

Decision Maker: Liverpool City Region Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Recommendation to provide grant support of up to £2,000,000 to Culture Liverpool in its ambition to deliver capacity to the Liverpool City Region Music Sector.

Decision:

The Liverpool City Region Combined Authority resolved that:-

 

(i)        the provision of funding of £250,000 from the Strategic Investment Fund to retain the Music Officer and to fund time-critical elements of the intervention be approved;

 

(ii)       the remaining balance of the funding ask of £1,7500,000, subject to funding, on the condition that the monitoring and evaluation of the activity is robust enough to provide strong economic evidence to assess the success of this trial, supporting future interventions be approved; and

 

(iii)      authority be delegated to the Director of Commercial Development and Investment to finalise negotiation of detailed funding terms and associated agreements in consultation with the Combined Authority Monitoring Officer and Combined Authority Treasurer.

Publication date: 20/03/2020

Date of decision: 20/03/2020

Effective from: 28/03/2020

Accompanying Documents: