Chrysalis Fund, Liverpool

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Overview

The Chrysalis Fund was launched by igloo in March 2012 to kick start regeneration across Liverpool City Region. The £34m fund invests in commercial property and regeneration projects throughout the City Region. The Fund is managed by the igloo Consortium, which is led by igloo, with Bilfinger GVA and RBC Capital Markets.

Key Facts

  • 7 investments to date ranging from £1m to £11.5m
  • Creating more than 7,600 jobs
  • Helping to deliver more than 450,000 sq ft of space

More Information

Investing in growth

The Chrysalis Fund provides investment for development projects across Liverpool City Region that support economic growth and job creation through improved offices, industrial units, warehousing and distribution.

Projects benefiting from funding to date include the ground breaking Liverpool Life Sciences Accelerator at the heart of the knowledge quarter, the Watson Building in Liverpool city centre, Knowsley-based electric cable manufacturer Tratos UK and the new Liverpool Exhibition Centre linked to ACC Liverpool.

Creating opportunity

Chrysalis extends financing options available for urban projects in the North West by making senior and mezzanine debt available to fund projects that support sustainable growth. Chrysalis investment can either supplement existing debt from mainstream banks, or sit alongside the developer’s equity with the aim of unblocking schemes that the financial markets will currently not finance at the required level.

The funding has been allocated from the North West’s share of the European Regional Development Fund as part of the Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative, which was introduced into the UK by the European Investment Bank and is now handled by the Homes and Communities Agency (HCA). The Chrysalis Fund is financed by European Regional Development Finance.