A new plan is being launched by Liverpool City Council, to ensure that the most is made from development, investment, and regeneration over the course of the next two decades.
Ahead of the new plan, the council is looking to bring in a partner that will work alongside it on a Development and Investment Strategy. This strategy will identify how the city can ambitiously grow and develop, and will showcase this to developers, investors, key stakeholders, and funding partners. Despite Liverpool’s strength when it comes to the visitor economy and cultural strengths, the council will look to the core economic sectors and drivers and growth as well. Among these growth drivers are:
- Life sciences
- Digital and creative
- Advanced car manufacturing
Good-quality developments and neighbourhoods, active travel and achieving net zero are also important articulate priorities. These priorities will be developed further through a development pipeline, which will establish the main areas of focus for development activity. Alongside this, the council will identify how it can maximise its own building and land assets as well as those in the wider public and private sector.
One of the key ways in which growth will be driven in Liverpool, is through the Knowledge Quarter. This will make up a section of the Liverpool Investment Zone, which will be the second in England, and hosts some of the world’s leaders in:
- Science
- Health
- Technology
- Education
- Music
- Creative Arts
Councillor Nick Small, Cabinet Member for Growth and Economy, 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 developments 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.”
Aside from development, inclusive growth will be another focus of the strategy, with this helping to benefit the city and its residents. This will be done through tangible benefits such as employment, housing, improved services, and better transport connectivity. To achieve all of this, the council will collaborate with Homes England, the Liverpool City Region Combined Authority, and other key stakeholders, with the project expected to be complete by March 2024.
Image credit: iStock
