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Wirral Council to invest £1bn in Birkenhead regeneration
Wirral Council has revealed plans for the transformation of Wirral through a £1 billion development opportunity.
The announcement will see work commence to create Wirral Growth Company, charged with delivering growth including: a world-class residential, leisure and cultural destination on the Woodside Waterfront, overlooking the Liverpool Skyline; a revitalised retail and commercial hub, underpinned by public sector support and a residential, retail and leisure development; and reinvigorating the historic Hamilton Square as the centrepiece of a new mixed-use heritage district.
Cllr Phill Davies told an audience of international investors and developers: “Today is a landmark step forward in our ambitions for Wirral. The joint announcement of £1 billion of development opportunities and the creation of Wirral Growth Company as our delivery vehicle reflects the growing interest and confidence in Wirral and the wider city region.
“Over the coming weeks, Wirral is looking to the investor and developer community to come forward and be our partner on this project. For Wirral, this is a step change in how we encourage economic growth. We are putting around £100 million of land and other assets into the Wirral Growth Company and expect our partner to match that commitment.
“I am extremely proud of Wirral. We have a rich history of innovation, creation and entrepreneurship. I am incredibly excited to launch this new opportunity at the World's leading investment event – it is a huge step in creating a new, modern Wirral from which we can all benefit."
"Working with the Department for International Trade, Liverpool City Region, Invest Liverpool and numerous other partners, we have this week at MIPIM successfully put Wirral in the shop window for major investment and development. The reaction has been very positive and our team will, over the coming weeks, progress the creation of Wirral Growth Company and identify the investment partner or partners of choice."
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