Private sector leaders have declared Government intervention into Liverpool City Council’s operations as an opportunity to improve the public-private sector relationship in the city for the “betterment of its people”.
The developer has inked a corporate refinancing deal with Lloyds Bank secured against its 355-bed student accommodation and mixed-use scheme in Liverpool city centre and is seeking further investments.
Construction of the 53,000-capacity stadium at Bramley-Moore Dock can begin after confirmation from communities minister Robert Jenrick that the plans will not be called-in, providing a timely fillip for the city after a difficult week.
The chief executive of Liverpool City Council said measures have been put in place to resolve a plethora of governance failings that sparked an ongoing police investigation and subsequent Whitehall action, and vowed to do a great deal more to improve investor confidence.
Government officials are to take over the running of Liverpool City Council amid an ongoing corruption investigation by Merseyside Police, communities secretary Robert Jenrick is expected to announce this week.