Wirral Waters Enterprise Zone Investment Fund- Independent Appraisal Support

Wirral Council requires expert independent appraisal support to advice on the successful and compliant implementation of the Wirral Waters Investment Fund. A description of the Fund and its purpose are to be found in the non exempt parts of the attached Cabinet report. Government arrangements for EZs allows for any business rates growth within the Zone to be re-invested to stimulate further development. Wirral Council will therefore be able to use this growth to access and fund borrowing to increase investment within the Zone in order to bring forward development more quickly and to promote further growth. This could be done in a number of ways including a grant, loan or potential Council Head Lease.