The Liverpool City Region Combined Authority has launched a £2 billion Investment Fund aimed at supporting economic development across the region. The initiative is expected to unlock major projects and could contribute to the construction of up to 64,000 homes over the coming years.
Officials describe the fund as the largest investment programme introduced for the region so far. It will combine several public funding sources into a single pool. As a result, local authorities aim to move forward stalled development sites, support regeneration projects, and attract additional private and institutional investment.
The investment programme forms part of the City Region’s broader strategy to expand its economy by £10 billion over the next decade. The plan also focuses on generating new employment opportunities and strengthening the region’s role in sectors such as innovation and advanced manufacturing.
In the early stages, funding will prioritise the development of office space in Liverpool city centre. In addition, the plan includes laboratory facilities and smaller industrial units across the wider region. These projects aim to support growing industries including advanced manufacturing, life sciences, and digital technology.
Another key objective of the fund is to accelerate housing development across the region. Authorities expect the initiative to support a development pipeline valued at around £2 billion. This pipeline could deliver up to 64,000 homes along with the infrastructure needed for expanding communities.
Transport and connectivity will also receive investment. Planned projects include four new rail stations and the development of a rapid transit system. In addition, the region aims to encourage new developments linked to transport networks.
Steve Rotheram is expected to present the Investment Fund at MIPIM. The City Region will also highlight more than £11 billion worth of potential investment opportunities during the event.
Steve Rotheram, Mayor of the Liverpool City Region, 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. In short, all of the ingredients to make the Liverpool City Region the best place to grow up, grow a business and grow a family.”
“But we all know there’s still so much more potential waiting to be unlocked. Too many sites have stood still for years, too many opportunities have passed us by, and too many talented young people have felt they’ve had to leave the region to get on in life.”
“Well no longer. With this £2billion Investment Fund, we’re setting out to change that – giving us the firepower to unlock development, build the homes people need and back the industries that will create the next generation of good, well-paid jobs.
“The Liverpool City Region has always been a place that looks outward – trading, creating and innovating with the rest of the world. What we’re saying at MIPIM this week is simple: if you want to be part of what comes next for this region, now’s the time to get involved.”
The Investment Fund was created by the Liverpool City Region Combined Authority in partnership with the UK government and several public and private sector organisations. The programme supports the City Region’s Local Growth Plan, a ten-year strategy designed to improve productivity and strengthen key industries while encouraging inclusive economic growth.
The fund will also support regeneration initiatives across the region. One example is the redevelopment of Liverpool’s North Docks area, located between the city centre and the new stadium of Everton FC, the Hill Dickinson Stadium. A new Mayoral Development Corporation will oversee investment and development in the area.
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