The Chrysalis Fund will kick start regeneration across Merseyside.
The £30m fund will be invested in commercial property and regeneration projects throughout the City-region. The eligible local authorities include Liverpool, Sefton, Knowsley, St Helens, Wirral.
The investment policy is guided by the requirement to deliver projects within Merseyside’s sites of regional importance but also more generally in terms of projects that support employment creation in areas of particular regeneration need.
The funding has been allocated from the North West’s share of the European Regional Development Fund as part of the Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative, which was introduced into the UK by the European Investment Bank and is now handled by the Homes and Communities Agency (HCA).