Wirral unveils £1bn Birkenhead regeneration
WIRRAL Council has unveiled plans for a £1bn redevelopment of Birkenhead to be delivered through a new growth company.
Council leader Cllr Phil Davies made the announcement at international property conference MIPIM, saying the plan models itself on the renaissance of Brooklyn across the river from Manhattan, as well as developments in Paris, Melbourne and Budapest.
The council will put around £100m worth of land and other assets into the new Wirral Growth Company and will seek an investment partner to match that commitment.
The company will be tasked with delivering a "world-class residential, leisure and cultural destination" on the Woodside Waterfront overlooking the Liverpool skyline.
The scheme also includes a revitalised retail and commercial hub underpinned by public sector support, a residential, retail and leisure development and the regeneration of the historic Hamilton Square as the centrepiece of a new mixed-used heritage district.
Cllr Davies said the plan is a "landmark step forward in our ambitions for Wirral".
"The joint announcement of £1bn 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," he added.
"We will unlock the huge, untapped potential of Wirral and Birkenhead as an outstanding destination of choice for business and investment.
"The Wirral Growth Company will over the coming months identify a joint venture investment partner, triggering the creation of thousands of jobs and economic growth.
"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."