English Cities Fund and St Helens council have unveiled plans to invest £200m into regenerating the town centre.
English Cities Fund, a joint venture between Muse, Legal & General and Homes England, has signed a 20-year partnership deal to redevelop a variety of sites across the borough.
One of the first opportunities outlined is the £200m investment into the town centre, which could see new homes, retail space, new offices or hotels built.
English Cities Fund and the council will be working on proposals together for the next six months, which will go to cabinet for approval in the autumn.
Phil Mayall, regional director at English Cities Fund, said: “It’s an exciting moment for everyone at the fund, as we take the first step with our partners at St Helens Council towards bringing both vibrancy and transformational change to the borough.
“We’re at the start of our journey with the council. However, they share our progressive vision for creating innovative spaces and places to benefit the community, by bringing together both the borough’s rich heritage and their aspirations for the future. We’re excited for the weeks ahead as we progress discussions towards an agreement.”
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