Liverpool asks PM for £200m development boost
Liverpool City Council has written to central government asking for £200m to fund a pipeline of projects to get the city back on its feet post-Covid-19.
As part of the five-year Liverpool Economic Recovery Plan, which has been sent to the prime minister and chancellor outlining how the city can recover from the pandemic, Liverpool has asked for £200m to fund more than 25 shovel-ready projects that could begin within the year.
Projects include the Science & Tech Innovation Centre, part of the Liverpool John Moores University development at Copperas Hill in the Knowledge Quarter, a housing retrofit programme which could see modular homes built and up to 4,000 homes retrofitted to address climate change issues, and development of the Festival gardens scheme, Paddington Village and Upper Central.
Liverpool City Council has written to central government asking for £200m to fund a pipeline of projects to get the city back on its feet post-Covid-19.
As part of the five-year Liverpool Economic Recovery Plan, which has been sent to the prime minister and chancellor outlining how the city can recover from the pandemic, Liverpool has asked for £200m to fund more than 25 shovel-ready projects that could begin within the year.
Projects include the Science & Tech Innovation Centre, part of the Liverpool John Moores University development at Copperas Hill in the Knowledge Quarter, a housing retrofit programme which could see modular homes built and up to 4,000 homes retrofitted to address climate change issues, and development of the Festival gardens scheme, Paddington Village and Upper Central.
The £1.4bn plan has been backed by 72 leading figures from the city’s commercial, legal, financial and cultural sectors, including LFC chief executive Peter Moore, vice-chancellor of University of Liverpool Professor Dame Janet Beer and John Godfrey of Legal & General.
Mayor of Liverpool Joe Anderson said: “The Covid-19 lockdown has left cities like Liverpool in a state of economic paralysis and the option of doing two things – wait for events to unfold or take action.
“Liverpool has acted. This recovery plan is a blueprint for a new Liverpool. Forged by ambition and confidence to be innovative in how we create new skills, new homes and new jobs, and it has the weight of the entire city behind it.”
Over the past month, the city has been putting together an action plan to help businesses get back up and running, including the hospitality and tourism sectors which have been substantially hit as a result of the crisis.
The council warned in an interview with EG that the sector would lose out on £1.5bn of business this year due to the pandemic.
The sectors usually bring in around £3.3bn to the city’s economy. However, the council says this could drop to £1.8bn in 2020 if social distancing restrictions are not eased and the country suffers a second wave of Covid-19 cases.
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