Liverpool Vision has hired the Creative Industries Development Agency to develop plans for a dedicated property trust in the Baltic Triangle area.
The regeneration quango, along with BusinessLiverpool, North West Development Agency and Merseyside ACME has appointed a consortium led by CIDA, to work on plans to develop the area.
Along with its partners Media Centre Network, Innovas and Allen Tod Architects, CIDA is to spend the next four months working with other creative businesses to carry out a feasibility study into creating a development trust.
The trust would then be tasked with delivering and managing premises in the area. The idea has been developed in answer to the growing demand from the creative industries for affordable workspace. Already based in the area are the A Foundation galleries, the Novas Contemporary Urban Centre, Liverpool Biennial and Picket live music venue, among others.
Kevin McManus, sector director for the creative industries and director of Merseyside ACME, said: "The creative industries sector has been prioritised as central to the continued economic renaissance of the region.
"One of the main principles that will guide the creation of the Creative Industries Trust will be a dialogue with the city's creative businesses."