In October 2012 the Government announced that Wirral Council had been successful in securing £5 million Regional Growth Funding (RGF) to support the development of the Offshore Renewable Energy Low Carbon sector within the Borough. The report of the Strategic Director of Regeneration and Environment updates on this award and the work undertaken to date to enable the Council to secure the funding available from Government.

The Investment Strategy sets out an ambitious vision for Wirral to secure its economic future by attracting investment and creating sustainable jobs for the people of the Borough. The RGF award will assist Wirral businesses to grow and provide employment opportunities for Wirral residents.

The report seeks approval to agree and sign the RGF Final Scheme Offer letter with Government.

Resolved –

(1)  That the signing of the Regional Growth Fund Final Scheme Offer letter with the Government’s Department of Business, Innovation and Skills, be approved

(2)  That the success of the Council through its independent external Due Diligence report be noted.