Steve Rotheram announces plan at MIPIM event in Cannes

The Mayor of Liverpool has announced a £2bn investment fund aimed at unlocking major development in the city region.

Steve Rotheram announced the fund at the MIPIM property networking event in Cannes this week.

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Steve Rotheram has a 64,000-home plan for the Liverpool City Region

It is aimed at bringing together new and existing public funding into a single investment pot which the mayor believes will help unlock stalled sites, accelerate regeneration and attract billions more in private and institutional investment.

The fund will be used to fast-track house building, supporting its pipeline to delver 64,000 new homes while initial investments will also be used to deliver office space and support transport and regeneration projects.

Rotheram said: “Anyone who knows this region knows we’ve never been short of ambition – what we’ve sometimes lacked are the tools and funding to turn that ambition into reality.

“Over the last few years, however, devolution has started to change that. We’ve been able to put our money where our mouth is and invest in things that really matter to people here – new train stations, a publicly owned fleet of trains, multi-modal interchanges, a fast-growing digital network and tens of thousands of new jobs and apprenticeships.”

The Investment Fund will also support major regeneration opportunities across the region, including Liverpool’s North Docks – the area between the city centre and Everton FC’s new Hill Dickinson Stadium – where a new Mayoral Development Corporation will help accelerate investment and development.

 

 

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