Regeneration plans are worth £100m
Jun 26 2006
By Neil Hodgson Industry Reporter, Liverpool Echo
REGENERATION agency Liverpool Land Development Company (LLDC) wants to spend more than £104m over the next three years on schemes throughout Merseyside
The money is provided by the public sector, but would also lever in much more private sector funding for high profile developments.
LLDC was formed in 2003 and is run by Liverpool City Council, Northwest Development Agency and English Partnerships.
The organisation has just submitted its spending proposals for approval to Liverpool City Council which acts as the accountable body to oversee European and government grants on LLDC's behalf.
Councillors have been urged to consider the proposals as a matter of urgency as delays may mean the loss of European Objective 1 funding for Merseyside which is set to end at the close of this year.
The spending plans cover the years from 2006/07 to 2008/09. They comprise:
* £65.7m for the Eastern Approaches scheme which takes in the Edge Lane improvement works; the Liverpool digital park on the former Marconi and MTL sites; and the art deco former Littlewoods printing plant being converted to luxury flats.
* £21.8m on the Atlantic Gateway area in north Liverpool which LLDC wants to develop with a private sector partner and Mersey Docks and Harbour Company owner Peel Holdings.
* £9.8m for Approach A580, taking in the Aintree industrial estate and Stonebridge park, Stonebridge Cross in conjunction with Tesco.
* £6.7m for Speke Halewood, where LLDC is building on the work of its forerunner, the Speke Garston Development Company.