Liverpool’s northern docklands regeneration to get £55m boost

Liverpool City Council is set to receive a £55m investment boost from Homes England to accelerate the regeneration of the city’s northern docklands. The move comes shortly after Rachel Reeves referenced the scheme in her first speech as chancellor of the Exchequer in which she set out the new government’s commitment to unlock stalled housing schemes.  The public funding is subject to the council signing a brownfield infrastructure land grant funding agreement with Homes England. It will then become subject to final approval from HM Treasury. The investment relates to Central Docks, the largest neighbourhood within Liverpool Waters, and the city’s largest brownfield site, owned by Peel Waters. The masterplan is projected to unlock more than £500m in private investment through the establishment of a public park and infrastructure to deliver 2,350 new homes. Liam Robinson, leader of Liverpool City Council, said: “The Central Docks scheme has the potential to be a true flagship scheme of what can be achieved by a partnership between central and local government and the private sector.” Peter Denton, chief executive at Homes England, said: “The provision of funding and expertise, as part of a long-term partnership with the council, the mayor and the wider sector, is exactly what Homes England is here to do – supporting local places aiming to unlock the potential for change, growth and the creation of sustainable, vibrant communities.” Image © Peel L&P