Residential schemes are among the key regeneration opportunities being highlighted by the new Wirral Growth Company as it prepares to find an investment partner.
Next week Wirral Council’s cabinet members will be asked to approve the business case for the company to progress with its £1 billion development vision, which is expected to create thousands of jobs.
The organisation plans to officially go to market seeking a partner this month, and council leader Phil Davies says he is confident residents could see construction work get underway on projects during the coming year following a previous showcase of plans at global property exhibition MIPIM 2017.
He says: “Only a few months ago we went to the world’s largest property and development conference to introduce Wirral to the globe’s biggest investors and developers. We shared our vision for £1bn worth of development opportunities but we also knew we needed to put a modern, commercially viable organisation in place to help us deliver our goal.
“The Wirral Growth Company is that organisation and next week I will be asking my cabinet to approve the business case which will allow us to formally find the investor partner who will turn our plans into the bricks and mortar developments, jobs and economic growth we all want for Wirral.
“We will start the competition at the end of this month, inviting developers and investors to submit their ideas and proposals, and we will be in a position to sign up with our new partner by the end of the year.
“Residents will see spades in the ground on new construction developments in the borough by early 2018.”
New homes and commercial developments to build on the success of New Brighton, and a mix of residential, community and leisure projects to revitalise communities such as Moreton, Bebington and Seacombe are said to be among key opportunities in the programme.
Others include the transformation of Birkenhead town centre with new retail, leisure and civic developments; and the regeneration of the waterfront area around Birkenhead’s Woodside Ferry Terminal, which overlooks Liverpool’s famous skyline.