Merseyside Development Update – a mixed picture | Summary

The council is to implement a strategy that would allow it to buy assets in the borough to boost revenues in the face of "unprecedented challenges” including lack of Government funding and the pandemic. 

Proposals for a waterside events centre, business incubator space and a regeneration of Lord Street, the town’s central retail boulevard, are included in a funding submission to the Government to revive the Merseyside coastal town.

A £1.4m redesign and refurbishment of the town centre market is to commence on Monday, to create a modern dining and events space.

The development of a 158,000 sq ft, £54m R&D facility for the glass industry, next to St Helens’ rugby league stadium, has received a major funding boost with £15m committed by central Government.

The property services company has invested in a unit to expand its existing restoration and content storage offering in the borough.

The manufacturer of Liverpool Gin and Lambrini has instructed Savills to market its headquarters in Huyton Business Park, a holding of around 450,000 sq ft on a 28-acre site.

The developer has secured a loan from institutional investor Merseyside Pension Fund to fund the delivery of a 34,000 sq ft office block and 70,000 sq ft logistics scheme at Wirral Waters.

The shopping centre would be significantly remodelled as part of plans to improve retail, street and pedestrian areas and build new apartments in the Wirral town.

Liverpool City Region’s Combined Authority has approved a further £650,000 to support Sefton Council’s plans to redevelop the Strand mall and Bootle town centre.