Speculative office scheme receives ERDF support

Capital & Centric has signed a gap funding agreement with the European Regional Development Fund to receive £2.4m to speculatively develop 40,000 sq ft of offices in Liverpool.

The £6m renovation of Churchill House, to be renamed 12 Tithebarn, will deliver affordable office pods targeted at small firms, the developer said. The ERDF grant must be matched equally by other finance sourced by the developer.

The project designed by Sixtwo Architects is due to start on site pending detailed planning consent.

Capital & Centric acquired the derelict eight-storey building and car park in April from Derwent Lodge Properties.

The project will be Capital & Centric's fourth speculative development in Liverpool in three years alongside schemes in south Liverpool near the airport and at the former Littlewoods building in Edge Lane.

Sir Howard Bernstein, deputy chairman of the North West ERDF local management committee, said: "This is a significant project which will provide a boost to the local economy, help local businesses and create jobs. I am extremely pleased that the European Regional Development Fund is supporting it financially."

Tim Heatley, co-founder of Capital & Centric, said: "Signing this agreement is the last big bit of the jigsaw that we needed in order to get cracking with construction. This innovative approach to funding, design and development means we can continue to develop speculatively, avoid having any bank debt and deliver great looking buildings."

Your Comments

Read our comments policy

Brave to spec £6m in Liverpool offices, either they know something we don’t or they’re just bonkers….

By James Dutton

Good for them. Good to see a regional company getting on with things with a can do attitude


Presumably it’s the "affordable office pods" that will get the space away.Still a brave call tho’.

By ChesneyT

Be great to see that eyesore finally changing!

By Alex

Related Articles

Sign up to receive the Place Daily Briefing

Join more than 13,000 property professionals and receive your free daily round-up of built environment news direct to your inbox


Join more than 13,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy.

"*" indicates required fields

Your Job Field*
Other regional Publications - select below