Liverpool redevelopment paying dividends
THE flagship redevelopment of Liverpool’s Pier Head is starting to pay dividends, new figures released today reveal.
Liverpool Vision, the city’s economic development company, said the total impact of regeneration work at Pier Head and Mann Island will have reached £224m by 2012, creating or safeguarding nearly 1,000 jobs.
Five key regeneration schemes, the largest being the £115m Mann Island scheme by Countryside and Neptune, will unlock huge benefits for Merseyside.
The other projects include a £72m investment in the Museum of Liverpool, £20m in the Canal Link, £10.5m in the ferry terminal, with public realm work costing £6.5m.
Jim Gill, chief executive of Liverpool Vision said: “Pier Head and Mann Island are important parts of our overall vision for the Waterfront, our most recognisable physical asset. We have always felt that the prize of a successful waterfront is huge and these figures bear this out.
“Not only does this place the city firmly back on the map of world cities, it creates opportunities for the people of the city through employment and leisure activities, as well as increasing its appeal as a key attraction for outside interest.”
Steven Broomhead, chief executive of the NWDA, said:“These impressive figures highlight the significant impact that the wealth of redevelopment at the Pier Head continues to generate for both Liverpool and the North west.
“As one of Liverpool’s most important assets, the NWDA has long recognised the potential of the city’s waterfront as a key investment location.”
