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Combined Authority approves up to £45m support for region’s biggest regeneration project in more than a decade
Funding of up to £45m to support the ‘transformational regeneration’ of north Liverpool and south Sefton was today approved by the Liverpool City Region Combined Authority.
Recent image of Bramley-Moore Dock
The package will support work linked to Everton FC’s new stadium development at Bramley-Moore Dock.
A grant of up to £15m will assist with infrastructure and heritage work including preserving historic features, restoring derelict land, and providing public access to the docks.
A loan of up to £30m will also contribute towards the overall project to build the club’s new 52,888-seat stadium. The wider stadium project will be a vital catalyst for regeneration of Liverpool’s north docks and the area around Goodison Park. Everton forecast the project will offer a boost of more than £1bn to the city region’s economy, attract 1.4m visitors to the region each year and deliver an additional £237m of social value.
As a condition of the Combined Authority funding, Everton has committed to targets for employment and training opportunities for local residents and the achievement of social value.
As well as providing jobs and apprenticeships and stimulating the area’s regeneration, the loan offers a return on investment, plus interest that could be used to fund other projects and services across the city region.
Latest CGI of how Everton Stadium will look at Bramley-Moore Dock
The stadium will take around three years to build and will become one of north of England’s largest construction projects. Overall, the project will create up to 15,000 jobs including new roles at the completed stadium and employment linked to a projected increase in visitors to the city region.
The stadium move will also kickstart the Goodison Legacy Project which will redevelop the club’s existing ground into a mix of housing, retail, office space and facilities for the community.
As part of the deal, Everton will lead on campaigns focusing on chronic health issues in north Liverpool. Increased funding for the club’s charity, Everton in the Community, will allow an expansion of its work in education, training, employment, youth projects, reducing crime and violence, supporting asylum seekers and veterans and health and wellbeing.
In a joint statement, Liverpool City Region Metro Mayor Steve Rotheram, Cllr Mike Wharton, Leader, Halton Borough Council, Cllr Louise Harbour, Deputy Leader, Knowsley Borough Council, Joanne Anderson, Mayor of Liverpool, Cllr Ian Maher, Leader, Sefton Borough Council, Cllr David Baines, Leader, St. Helens Borough Council and Cllr Janette Williamson, Leader, Wirral Borough Council said:
Everton chief executive Professor Denise Barrett-Baxendale said:
After moving to the new stadium, Everton will redevelop Goodison Park as part of a project which alone is forecast to create more than £58.2m worth of social value, driven by increased wellbeing in the area. Outline planning consent has already been granted and the club is committed to starting work on the Goodison site within three years of moving to Bramley-Moore Dock.
CGI of the new stadium looking north.
The Combined Authority was told in a report: “The project provides the opportunity for transformational regeneration of North Liverpool and South Sefton/Bootle areas. It comprises a number of elements: the new stadium at Bramley-Moore Dock, the Goodison Legacy Project; and wider and accelerated regeneration of the Northern Docks area, alongside expanding the outreach and offering of Everton in the Community’s activities.
“The stadium is anticipated to attract further investment in the Northern Liverpool Docks area in a way no other commercial project is likely to achieve with wider impact spreading into adjacent areas such as South Sefton.”
The grant will help cover the higher cost of developing a challenging and historic dockland site and would fund work of a non-commercial nature.
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