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St Helens receives initial allocation of Single Investment Funds

At the Liverpool City Region Combined Authority meeting held today (Friday 3rd February 2017), the Combined Authority has confirmed an initial allocation of Single Investment Fund (SIF) monies to a number of projects, including a number of schemes in St Helens.

These include allocations to significant transport infrastructure and economic development projects, which will support the borough’s economic growth.

The allocations are provisional on submission of a full business case and planning permissions being granted, which will need to be brought forward at an appropriate time.

Around £30 million of schemes in St Helens have been provisionally approved, and include initiatives to support transport schemes which will support Parkside and Newton-le-Willows, and transport improvements on the A580 around Haydock.

Schemes supporting housing and new industrial space in other areas of the borough have also received a provisional allocation.

Acting Council Leader, Councillor Andy Bowden, who attended the Combined Authority meeting said: “This is a good result for St Helens. We know the borough has many opportunities in the years ahead, and therefore it is essential that there is investment in infrastructure. The announcement of this potential investment by the Combined Authority in our infrastructure is very positive news for all of the borough.”

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