What is Liverpool’s Regeneration Scheme?

Liverpool’s £1.4bn regeneration scheme has been designed to help boost the post-Covid economy.

Liverpool City Council have submitted a 178 page report to the Prime Minister. If approved, it aims to create over 250,000 jobs in the city. 12,000 of these would be in construction roles, and more than 9,700 in apprenticeships.

What is the Five Year Plan?

The five year plan commissioned by the Mayor of Liverpool Joe Anderson is not only a recovery plan. Anderson states that it is “forged by ambition and confidence to be innovative in [how we] create new skills, new homes and new jobs” with the weight of the entire city behind it.

In the same period, the Liverpool Without Walls pilot scheme has been introduced to facilitate. It will kickstart the hospitality sector and reimagine outdoor eating in the City.

As part of the project – which is a joint project between Liverpool City Council, Liverpool BID Company & Liverpool Chamber of Commerce – both Bold Street & Castle Street will become pedestrianised zones.

The hospitality sector has been one of the hardest hit following on from the lockdown measures. With many X1 developments in Liverpool, it’s an exiting time to see innovation and the reopening approach come to life in the City.

What does this mean for Property Management and Sales in Liverpool?

The demand for property in Liverpool is set to increase in line with the regeneration scheme. This is beneficial to both property management and sales as the areas become more desirable for renters and buyers. For more information on what we can do for you, head to our Landlords and Sales sections of the website, or email hello@x1management.com today.

 

Resources

The full article on the £1.4bn plan can be read here.

Liverpool Without Walls can be read here.