Liverpool City Council is set to receive a £55m boost from Homes England to accelerate the regeneration of the city’s historic northern docklands.
A report to the council’s cabinet tomorrow is recommending the council enters into an agreement with Homes England to accept Brownfield Infrastructure Land (BIL) grant funding.
The funding relates to Central Docks, the city's largest brownfield site, and is projected to unlock more than £500m in private investment.
The announcement comes just a week after Rachel Reeves MP referenced the scheme in her first speech as Chancellor.
Leader of Liverpool City Council, Cllr Liam Robinson, said: ‘The Central Docks scheme has the potential to be a true flagship scheme of what can be achieved by a partnership between central and local government and the private sector.
‘A huge amount of work has gone into our draft waterfront plan and housing strategy and it’s exciting to see such a key scheme getting ready to be delivered. Its success would mark a new decade of delivery this city deserves.’
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