Approve Liberty Speciality Steel UK (SSUK) - Site Feasibility and award £0.2m grant.

June 11, 2026 Section 73 Officer (Officer) Approved View on council website

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Summary

Section 73 Officer Gareth Sutton approved the recommendation to approve Liberty Speciality Steel UK (SSUK) - Site Feasibility and award a £0.2m grant on 11 June 2026. This decision was made following a recommendation from the SYMCA Investment Board.

Full council record

Purpose

In March 2022 the MCA Board approved the proposed allocations of interim resource through the Project Feasibility Fund to SYMCA and the Local Authorities.

The PFF will help:
a) Relieve capacity constraints and improve capability
b) Reduce reliance on external expertise
c) Develop Plans into a pipeline of programmes and projects and ensure project lifecycle funding is available, particularly for revenue-based schemes

On 10 June 2026 the SYMCA Investment Board recommend approval and award of £0.2m grant.

Decision

Option 1 – Approve the recommendation

Alternative options considered

Option 1 - Approve the recommendation

Option 2 - Reject the recommendation

Supporting Documents

Liberty Speciality Steel UK SSUK - Site Feasibility.pdf

Details

OutcomeRecommendations Approved
Decision date11 Jun 2026