Wirral Council’s extensive regeneration plans for the borough could soon move forward as the search for an investment partner is underway.
The local authority is seeking financial backing for its Wirral Growth Company, which will deliver a potential £1 billion development programme.
Areas earmarked for regeneration under the plans include the waterfront side of the Woodside Ferry Terminal, Birkenhead town centre, Hamilton Square, Moreton, Bebington and Seacombe.
New Brighton could also see further improvements, with new residential and commercial projects proposed for the seaside town.
Wirral Council leader Phil Davies says the Wirral Growth Company has the potential to create “thousands” of new jobs and predicts that spades could be in the ground on the aforementioned projects within the next 12 months.
Cllr Davies says: “Following the recent successes of Liverpool and Manchester, I am proud to be putting Wirral forward as the next great Northern regeneration opportunity.
“Only a few months ago we went to the world’s largest property and development conference to introduce Wirral to the globe’s biggest investors and developers. We shared our vision for £1bn worth of development opportunities but we also knew we needed to put a modern, commercially viable organisation in place to help us deliver our goal.
“The Wirral Growth Company is that organisation and next week I will be asking my cabinet to approve the business case which will allow us to formally find the investor partner who will turn our plans into the bricks and mortar developments, jobs and economic growth we all want for Wirral.”
Developers and potential investment partners will be invited to submit their regeneration ideas and proposals to the council next week so winning entries can be selected.