Liverpool City Region has signed a new local investment plan with the Homes and Communities Agency, outlining its priorities in housing and infrastructure.
The document lists the Liverpool Super Port, the knowledge and low carbon economies, and tourism as its key priority areas.
It also lists a number of paused projects (see table attached) that may be considered for stimulus under the Growing Places Fund – though these are subject to change. Listed projects include the £150m Stonebridge Cross development, the £225m North Huyton Revive housing project and the £250m redevelopment of Kirkby Town Centre.
The Port involves a £1.8bn infrastructure development for transport and logistical assets, which could create 21,000 jobs by 2020.
Meanwhile, in the low carbon field, the document focuses on offshore wind, microgeneration, smart grid and retrofitting, which it estimates could be worth 7,000 new jobs by 2015.
Other priority projects include the Atlantic Gateway development, while mentions were given to the Mersey Gateway bridge, the Mersey Waters enterprise zone and the Anfield and Queens Bedford development to be delivered by Keepmoat.
The first plan, worth £80m, is to be replaced due to a reduction in public sector resources, a reformed planning framework and a shift towards localism.
Housing is also prioritised, with the document stressing the need to raise the quality of housing stock on offer and to address old and environmentally inefficient stock. It also aims to relieve downward pressures on demand by addressing property values, deposit requirements and lending criteria.
It also says local authorities intend to bring 16,400 long-term empty properties back into use, and identifies a land supply of just under 65,000 units.
HCA regional head Neil Pickering said: “I am pleased that collectively we’ve reached this important milestone for the City Region. Following the success of the first LIP, we will continue to work with local authority partners to help create homes and places for local people.”
“Through this plan, we will now be able to give valuable, targeted support to develop much needed new homes that will play a vital role in helping Liverpool meet its economic growth ambitions.”
Councillor Marie Rimmer, leader of St. Helens Council, said the new initiative “will create both jobs and a range of housing for our residents”.
“It will bring home ownership within the reach of many more people and will help to create viable and sustainable communities.”