Sefton housing arm pushes back delivery dates

The council wants to turn the historic Southport town centre building into a 15,000 sq ft start-up hub known as the Enterprise Arcade.

Divvied up between a £15m grant and £30m loan, the funds will support the creation of the new stadium at Bramley-Moore Dock and improvements to the surrounding area.

Funds will be divided up between ten projects, including a transport-based heritage attraction, public realm improvements to Hamilton Square and a wellbeing hub.

Two revolving property funds, the Chrysalis Fund and the LCR Urban Development Fund, have re-entered the arena to back development proposals.

The combined authority aims to fund 120,000 sq ft of office space; 260,000 sq ft of commercial space and 70,000 sq ft of research and development space by 2024.

A revamp of the town centre and Carr Lane Industrial Estate is also proposed in the document, which is being considered for inclusion in the town’s Neighbourhood Development Plan.

Money from the £3.6bn government fund is meant to boost investment, encourage economic regeneration and provide vital infrastructure.

Sefton Council wants to build a new library, health and wellbeing hub and 30 apartments on the site of The Green car park in the town centre.

Money for the projects is to come from the LCR’s £45m Brownfield Land Fund, of which £11m has already been given out across seven sites.