LIVERPOOL City Council is to launch a plan to maximise the opportunities from development, investment and regeneration over the next 20 years.
The Council is procuring a partner to work on a Development and Investment strategy, which will showcase its current and future opportunities to developers, investors, key stakeholders and funding partners, and communicate an ambitious vision of how the city will develop and grow.
Whilst Liverpool is well known for its visitor economy and cultural strengths, the strategy will also focus on core economic sectors and drivers of growth such as life sciences, digital and creative, and advanced car manufacturing, and articulate priorities including good-quality developments and neighbourhoods, active travel and achieving net zero carbon.
The council will use the strategy to identify and deliver this growth through its development pipeline. It will also identify the key areas where development activity should be focused, and how the Council can maximise its own building and land assets, as well as those of the wider public and private sector estates.
Liverpool is home to the Knowledge Quarter, a 450 acre urban innovation district that hosts some of the world’s most influential players in science, health, technology, education, music and the creative performing arts, including ‘The Spine’. This will form part of England’s second Investment Zone, which is expected to deliver a £310 million boost across Liverpool City Region.
Other examples of the city’s growth opportunities include the Liverpool Waters northern docks development, the Liverpool City Region Freeport, the Baltic Triangle creative quarter and a refreshed focus on the waterfront and central business district.
The strategy will also outline how Liverpool wants to achieve inclusive growth that benefits the city and its residents through tangible benefits such as job creation, high quality housing, improved facilities and services, and better transport connectivity.
The Council will be working in partnership with Homes England, the Liverpool City Region Combined Authority and key city stakeholders on the work, which is expected to be completed by March 2024.
Cabinet Member for Growth and Economy, Cllr Nick Small, said:
“The scale and breadth of the opportunities in Liverpool are truly enormous.
“We already have a number of exciting developments under way which will deliver huge benefits for our city, ranging from the work in the north docks through to the film studios at the Littlewoods Building and the success of the Knowledge Quarter.
“In addition, working with our partners at Liverpool City Region Combined Authority, we want to make the most of government initiatives such as the Investment Zone and Freeport.
“The Development and Investment Strategy will maximise the potential of the opportunities in Liverpool over the coming years.
“This is just one element of the work that is going to on across the organisation at the moment to make sure we transform how we work and maximise the opportunities for our residents and businesses.”