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Funding boost for Liverpool City Region’s ‘largest speculative unit in a decade’

More than £9 million has been secured to build what’s said to be Liverpool City Region’s largest speculative unit for more than a decade.

The 210,000 sq ft industrial development called Venus 210 is being lined up for Knowsley Business Park.

Developer Flintrock has been awarded £5.375m from the Chrysalis Fund along with £4.005m from Knowsley Council from the scheme, with construction scheduled to get underway in June.

The project follows the successful Venus 110 in the borough, which is occupied by online retail giant Amazon.

The initial unit was built in 2015 and became the first speculative project of its type in the city region for around six years.

Councillor Tony Brennan, Knowsley Council’s cabinet member for regeneration and economic development, says: “This is yet another example of strong developer confidence in Knowsley and aligns perfectly with our ambitious growth plans and our strategy to make the borough a great place to invest and do business.

“Demand for this sort of facility is incredibly high in Knowsley and in the wider Liverpool City Region, so it is really positive for the borough that we will be in a position to accommodate even more ambitious, forward-thinking companies.

“Not only will we see a return on our investment for the benefit of our residents, but this project will also grow our business rates base adding to the ongoing sustainability of the borough whilst at the same time driving job creation and income in both Knowsley and the Liverpool City Region.”