Purpose

To provide a quarterly update on the Strategic Investment Fund (SIF) for the period 1st April to 30th June 2026. The report will also seek approval to agree changes to previously agreed Strategic Investment Fund projects.

Decision

RESOLVED – That in relation to the Strategic Investment Fund Quarterly Report:

(a)         The update on performance of the Liverpool City Region Strategic Investment Fund be noted;

(b)         The changes to Merseytravel’s Mersey Tunnels Tolls Technology Refresh project detailed in paragraphs 3.17 to 3.19, including changes to the project completion date and financial end date from 31 March 2027 to 30 September 2027 and from 9 April 2027 to 31 December 2027 respectively be agreed;

(c)          The changes to Merseytravel’s Stanley Dock Rail Access project detailed in paragraphs 3.20 to 3.21, including changes to the project completion date and financial end date from 31 March 2026 to 30 June 2026 respectively, to 31 March 2027 for both be agreed;

(d)         The changes to Merseytravel’s Station Accessibility project detailed in paragraphs 3.22 to 3.23, which includes enhanced outputs at additional stations be agreed;

(e)         The changes to Merseytravel’s Mersey Ferries Upgrade Programme detailed in paragraphs 3.24 to 3.28, including passenger-area and accessibility improvements to the Snowdrop vessel and a change to project and financial completion dates from 30 April 2026 and 31 May 2026 respectively, to 31 December 2027 for both;

(f)            The changes to Sefton Council’s Southport Eastern Access project detailed in paragraphs 3.29 to 3.31, including a funding increase of £4.5m and a change to project and financial completion dates from 31 March 2027 to 30 June 2028 be agreed;

(g)         Changes to Sefton Council’s Maritime Corridor Phase 2 project detailed in paragraphs 3.32 to 3.33, including a change to project financial completion dates from 31 March 2027 to 31 March 2028 be agreed; and

(h)         The immaterial and intermediate changes made to Strategic Investment Fund projects as detailed in paragraph 3.35 of the report be noted.