Liverpool strategy will present city as ‘investable proposition’
The city council wants to bring Liverpool “in line with other core cities” by drawing up an investment and development plan that presents it as a place that is open for business.
Liverpool City Council wants to award a consultancy a £125,000 contract to develop a plan that articulates current and future investment and development opportunities and “clearly presents the city as an investable proposition”, according to tender documents.
In short, the framework will provide would-be investors with a guide to the city’s growth opportunities.
The tender documents, which can be viewed here, state that Liverpool City Council is “keen to welcome partners and investment into the city to deliver regeneration and economic growth”.
The add that the strategy will “support the council when communicating with stakeholders and help inform its future development priorities”.
The strategy has several aims:
- To incorporate an analysis of the city to understand its strategic, economic, and social position
- To clearly present the city as an investable proposition, articulating its strengths, priorities, unique identity, and geography
- To explore the potential planning, development, and investment activity, both current and future, over the next 20+ years
- To communicate an ambitious vision of how the city will develop and grow and set out the opportunities to drive forward inclusive regeneration across Liverpool
- To leverage investment for the benefit of the residents of Liverpool.
The creation of an investment and development strategy is the latest of the city council’s ongoing efforts to put its best foot forward following a period of unrest.
Since Max Caller’s damning report and the appointment of Whitehall commissioners to take over the running of some of the authority’s functions, the city council has been on an improvement journey.
The latest commissioners report, published in March, praised council staff for their “professionalism and dedication” and said there was cause for optimism that the authority was heading in the right direction.
The investment and development strategy is likely to go down well with commentators who have criticised the city for being inward-looking in the past and encouraged a more open-door approach to business.
Among the major development opportunities in Liverpool are the residential redevelopment of Festival Gardens, and the next phase of Kings Dock’s regeneration.
There are also several large stalled developments in Liverpool including the Pall Mall office scheme, and the New Chinatown apartment development.
“The scale and breadth of the opportunities in Liverpool are truly enormous,” said Cllr Nick Small, the city council’s cabinet member for growth and economy.
“We already have a number of exciting developments underway, which will deliver huge benefits for our city, ranging from the work in the north docks through to the film studios at the Littlewoods Building and the success of the Knowledge Quarter.”
He added: “In addition, working with our partners at Liverpool City Region Combined Authority, we want to make the most of government initiatives such as the Investment Zone and Freeport.
“The Development and Investment Strategy will maximise the potential of the opportunities in Liverpool over the coming years and is just one element of the work that is going to on across the organisation at the moment to make sure we transform how we work and maximise the opportunities for our residents and businesses.”