Further to Minute No. 7 of the meeting of the Cabinet Member - Regeneration held on 9 June 2010, the Cabinet considered the report of the Planning and Economic Development Director which provided an update on the launch by the Northwest Urban Development Fund of the Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative, which is a new £100m fund to help support urban development projects in the North West.
The report also set out the proposed sub-regional working level arrangements to progress the development of an Urban Development Fund (UDF) for Merseyside and the potential projects in Sefton to be included in the programme.
RESOLVED: That
(1) the report be noted;
(2) it be noted that the Sefton projects submitted in Annex A of the report could be included in the programme for funding opportunities; and
(3) further progress reports on the initiative be submitted and in particular details of any financial and legal implications as a result of JESSICA/UDF proposals.