Mayoral Development Zone
Extending northwards from Liverpool’s Commercial Business District, home to the fastest growing regional economy outside of London, Liverpool Waters will see 60 hectares of historic dockland regenerated to create a £5.5 billion world-class, high quality, mixed use development.
This stunning waterfront location will provide over 1.5 million square metres of floorspace, attracting national and international attention, and encourage a significant increase in Liverpool’s cultural and business offer.
The 30 year project is also a major part of Peel Investments’ £50billion ‘Ocean Gateway’ project to regenerate its land and assets fronting the Manchester Ship Canal and the River Mersey.
This government designated Enterprise Zone offers a number of unique benefits on offer to companies seeking to locate here, including 100% business rate discount for five years (to a maximum cap of £275,000); a simplified planning regime; and greater access to a locally based pool of labour and a cluster of same-sector businesses. A new way to do business in an old city.
Reshaping our city ready for the next exciting chapter
Already, this Enterprise Zone is home to a number of internationally recognised shipping and maritime companies, financial and professional services as well as leisure operators. The Princes Dock area to the south of the zone has been undergoing regeneration since the late 1990s. This smart cluster of modern offices employs over 2,500 people – working for Coutts Bank, Royal Bank of Scotland, Pricewaterhousecoopers, KPMG, the Charity Commission and Local Enterprise Partnership.
In addition, Princes Dock is home to two high quality hotels: the Crowne Plaza and Malmaison, three luxury apartment towers and a 760 space multi storey car park. These are soon to be joined by three new residential towers providing over 650 apartments for the rapidly growing private rented sector, and over 100,000 sq ft of Grade A office floorspace at William Jessop House. A new £50 million cruise liner terminal is also planned.
Further north, the Central Docklands will be regenerated with a mixture of new homes, offices, leisure and cultural attractions, a new Isle of Man ferry terminal, and a stunning new £300 million stadium for Everton Football Club.