Liverpool have been named as one of the leading areas in the UK for urban regeneration schemes. Property Investor Today reports that the leading development firm, SevenCapital, has placed Liverpool in its top five areas for regional regeneration. According to the firm, this is a key indicator for future growth and demand.
Over the past two decades, Liverpool has seen a substantial amount of investment, which has transformed it into a prime location for new businesses, particularly in the science and technology sector.
One of the key developments has been the Knowledge Quarter (KQ), which was established to level up the north west of England with tech and innovation hubs in London and the South East. There are a range of programmes in place to support new and continuous research and investment.
The area has already been identified as having world leading centres in health and life sciences, materials chemistry, and high performance & cognitive computing, according to the KQ Liverpool website. The whole site comprises some 450 urban acres, and encompasses university campuses, a science park, and a centre for digital innovation.
The KQ also has established links to music and the creative performing arts. The overall purpose of the site is to facilitate productive links between leading establishments, businesses, and entrepreneurs with the science, tech, and creative fields.
It aims to make collaboration and partnership with academia, science, business, and the cultural sectors a quicker and smoother process, to drive growth and innovation.
Another booming regeneration area is the waterfront scheme, which is a long-term plan to renovate the derelict northern docks. It’s one of the largest regeneration schemes in Europe, spanning 2.3km along the waterfront. So far, several developments have already been completed, including residential apartments and a new Isle of Man ferry terminal.
There are also plans for a substantial 1.9-hectare public park in Central Docks, which have received a positive response during a public consultation. The local community stated preferences for nature conservation areas with the park, opportunities for sport and recreation, heritage signage and information, and seating and café facilities.
Chris Capes, Peel L&P’s Development Director for Liverpool Waters, said: “We are delighted with the overwhelming support we have received for Central Park from the local community and from stakeholders and we are extremely grateful to everyone who has taken the time to engage with our consultation.”
He added: “We want Central Park to become a destination for everyone and a place where people can visit and relax with their family and friends. We know the docks are very special to everyone in the city and green space has never been so important, both for our physical and mental health and wellbeing but also as a way of absorbing air pollution.”
Another major development underway in the city is of course the new Everton Stadium at Bramley Moore Dock. It is scheduled for opening for the start of the 2024/25 season, and is forecast to generate an extra £1.3 billion annually for the local economy.
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