What obstacles to growth continue to challenge the area and what changes could help the Liverpool City Region reach its potential?
Brock Carmichael has been a contributor to North West Business Insider’s ‘Talking Property’ section for over 2 years now. We are asked for our opinions every month on a range of topics. This was October’s.
Chris Bolland, Managing Partner
“Liverpool City Region (LCR) aims to create 100,000 additional jobs, house 50,000 more people, increase the number of businesses by 20,000 and nearly double the size of the Economy to £50bn by 2040.
The challenges faced by the region are no different to any other regions in the UK, promoting innovation, collaboration and business success, focusing on right-skilling and attracting and retaining talent, improving infrastructure, enhancing culture and quality of life, and Place Making.
The region has a lot going for it, a rich and diverse culture, miles of world-class waterfront, an industrial and architectural heritage to be proud of and innovation in leading technology. But it should not forget its communities and the strength of its proud Northern Spirit as it faces challenges and changes ahead.”
Michael Cosser, Partner
“Public private collaboration has been the key to success on a number of fronts in LCR.
Whilst debates about HS2 continue and the case for Northern Crossrail get stronger, the region’s infrastructure benefits from an integrated strategy with an eye and firm plans on digital and renewable energy. With transport investment in the North West set at 57% of London’s, TfN’s plans including CrossRail for the North are a snip at £150 per head.
The Foundation housing company is targeting 10,000 homes over the next decade in Liverpool alone, and office space development is now freeing up the constraints felt over the last 3 years and rises in rent.
Our own work on Liverpool’s waterfront with Peel, both in residential PRS and leisure for the Cruise Liner Hotel, in the Baltic area of the city and for Torus in St Helens on housing an aging population, bear testament to the breadth of work to be delivered in Place Making for the region.
On track but more to do.”