£5.5bn invested in Liverpool Waters

Tuesday March 5th, 2013

Government Opportunities (GO) The Mayor of Liverpool has welcomed the Government’s £5.5 bn regeneration plans for 60 hectares of dock land in the city, creating tens of thousands of jobs.

Communities Secretary, Eric Pickles MP, has approved the ambitious Liverpool Waters scheme. Following careful consideration of the plans, he has decided that the scheme can proceed without the need for a Public Inquiry.

It means Peel Holdings and the city council can now officially begin work on the project that will last 30 years.

The planned improvements include:

• Creation of over 20,000 jobs.
• Delivery of 9,000 homes and 3 million square feet of commercial development.
• Hundreds of offices, a cruise liner terminal, hotels, shops, restaurants and leisure facilities.

Mayor of Liverpool, Joe Anderson, said the plans would regenerate the community while protecting its architectural heritage.

Liverpool’s planning committee initially granted planning permission for the scheme in March 2012, with a number of conditions – including those relating to timescales, the heights of buildings and phasing of works.

The city council and Peel Holdings worked together to address these conditions, before officially submitting the plans to the Government in October.

The Government established four areas in the country as Enterprise Zones, including Mersey Waters which consists of Peel’s Liverpool Waters and Wirral Waters schemes. The additional support and benefits these zones will receive include a business rates discount for five years, a simplified and improved planning regime and superfast broadband.

The go-ahead for the Liverpoo2l Waters scheme adds further momentum to regeneration in the city, with a recent audit finding that hundreds of millions of pounds worth of projects are active in the city, despite the recession.

Figures show that there is £800m worth of ongoing regeneration projects in the city.

Major schemes on-site include four new hotels, the refurbishment of the Cunard Building, the rebuilding of the Everyman Theatre, the restoration of Liverpool Central Library which re-opens in May, three major health schemes and 2,515 new homes, including the £25m Anfield Village development.

 Procurex Live

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