Cllr Ann O Byrne And Phil Davies Chrysalis Fund
Cllr Ann O’Byrne and Cllr Phil Davies have joined the Chrysalis general partner board

O’Byrne and Davies join Chrysalis board

Chrysalis, the £35m revolving fund that has supported more than £100m of investment in the Liverpool city region, has made two senior appointments to its board.

Cllr Ann O’Byrne, deputy mayor of Liverpool and Cllr Phil Davies, leader of Wirral Council, have joined the general partner board as the fund gears up for a number of major investments.

Chrysalis was originally established as part of the EU’s JESSICA programme and funds its investments by recycling receipts from past loans. In June it received £2.3m following the disposal of the 120,000 sq ft Aquila warehouse facility in Knowsley by DB Symmetry and Barwood Capital to LondonMetric Property. This will now be recycled to support other investments.

Fund chairman Jim Gill said: “Anne’s and Phil’s appointments confirm the strength of the working relationship between Chrysalis and the local authorities in the city region and provide the opportunity to strengthen that further through work with the Combined Authority.”

The fund said that it is currently addressing six major opportunities in the logistics, manufacturing and renewable energy sectors and says a series of announcements can be expected over the coming months.

Mark Bousfield, investment manager at Igloo Regeneration, which leads the fund’s management consortium, said: “Our specialism is in funding viable projects and making projects viable. By definition, we need to get in to the guts of a project to ensure that our money is put to work in the most effective way and the governance function offers a critical oversight to that work.

“I’m looking forward to working for Phil and Ann as the fund supports the Liverpool region’s continued resurgence.”

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And Chrysalis no doubt like Igloo will escape the scrutiny of freedom of information Act.
If so please spare us the propaganda of being in any way a public interest company. If you were then you would be accountable for your failures and not just a trumpeter of your successed

By Wirralbizz

The lack of talent on these organisations is underwhelming.

By causal observer

Jim Gill says it all. The man who when in charge of Vision focused on the shiny baubles of the city centre with no impact on outlying areas most notably North Liverpool. Same old faces recycling the same old ideas.

By John Smith

This is like an old record or merry go round, self perpetuating quango’s with really interesting and knowledgeable people, I think not?

By Democrayee

Could this help New Ferry?

By Anon