The £35m Chrysalis Fund finances property, regeneration and sustainability projects throughout the Liverpool City Region.
Chrysalis is a £35 million, revolving fund that has supported more than £100m worth of development activity since 2012 and will continue to commit its funds into further development and growth until at least 2022.
The fund is actively inviting new development projects that meet its investment criteria and can contribute to its economic development goals, including the creation of jobs, employment floor space and land remediation.
Chrysalis originally received its funding from the 2007-2013 European Regional Development Fund for the North West under the Joint European Support for Sustainable Investment in City Areas (“JESSICA”) programme, an initiative of the European Commission developed jointly with the European Investment Bank and in collaboration with the Council of Europe Development Bank.
It was novated in March 2017 to the Liverpool City Region Combined Authority and is now focused on contributing to the City Region’s growth plan.
The fund is managed by a consortium of private sector companies on behalf of the public sector. The consortium comprises igloo Investment Management, GVA and GVA Real Estate Finance.