A major new masterplan has been approved to transform Liverpool into a world class business location, bringing more jobs and investment to the city centre.

The proposals outline the projected delivery of up to 2m sq ft of commercial space across the next 15 years, with 12 crucial sites identified for potential expansion with an aim to address the district’s decreasing supply of Grade A office space.

Liverpool City Council’s cabinet has formally endorsed a Spatial Regeneration Framework for the Commercial Business District (CBD) in the city.

Mayor of Liverpool, Joe Anderson commented:

“To be a world class business location a city needs a commercial district that can offer opportunity, flexibility, connectivity and quality – in its buildings and its streets. The supply of Grade A office space is critical to attracting major investors and jobs and this Spatial Regeneration Framework (SRF) will underpin our long term vision to deliver that.

“This SRF shows that Liverpool’s potential is huge. All the ingredients are there to transform our ambitions into reality. We must now maximise every opportunity to ensure our commercial district fulfils its role as a major engine in the Liverpool Powerhouse and UK economy.”

The regeneration framework’s main objective is to promote and accelerate inward investment, business growth and job creation, in addition to improving the attractiveness and vibrancy of the CBD. Creating more high-quality office space will allow Liverpool to attract major businesses and compete with other cities in the UK. This will bring more people, jobs and investment to the city by the Mersey.

Further growth and investment

The masterplan will help direct further growth and enhance connectivity to nearby areas like the £5bn Liverpool Waters regeneration scheme, which is an ambitious project aiming to completely transform the city’s northern docklands area. The development will include high-specification apartments, including Park Central, an investment opportunity with BuyAssociation.

Liverpool City Council is also investing £150m in road infrastructure across the city centre. And detailed plans have recently been approved for a new cruise terminal at Princes Dock, bringing further investment to Liverpool’s City centre. These investments and developments are making it an exciting time to live, work and invest in Liverpool.