Liverpool Property: 4-Year Growth Plan Analysis | RWinvest Skip to content

How Will Liverpool’s 4-Year Blueprint for Growth Affect the Local Property Market?

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    Liverpool Mayor Announces Road Map for City Region Growth

    On the back of the recent government change, Liverpool Mayor Steve Rotheram has just announced a four-year blueprint for the Liverpool City Region.

    This corporate plan has the aim of driving growth through Liverpool investment in major infrastructure projects, improvements to public transport, and building on sectors such as health and life sciences, digital and creative, and advanced manufacturing. The city region is targeting a 25% increase in direct foreign investment by 2030.

    The blueprint includes plans that will directly impact local property such as the commitment to decarbonise 1000 homes and public buildings each year through retrofit and heat networks. In addition, the authority will enable the construction of 200 new dwellings each year on previously developed land.

    Other aspects of the blueprint are likely to have a knock-on effect for the Liverpool buy-to-let property market, pushing up property values, heightening demand, and encouraging further investment.

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      Liverpool Transport Schemes Will Improve Life for Residents and Commuters

      Many of these plans have been put forward previously, but with the release of the 4-year blueprint there are now concrete timelines and more context about how these schemes will be approached and how the local authorities believe they will benefit the city.

      In a big change, Merseytravel will become known as Transport for Liverpool City Region (TFLCR) and the bus network will be fully franchised by the end of 2027 while a new Merseyrail operating model will be designed.

      The highly-anticipated Liverpool Baltic train station will be open by 2027 and plans and funding will also be in place to redevelop Liverpool Central station. All planned new train stations (Carr Mill in St. Helens, Daresbury in Halton, and Woordchurch on the Wirral) will be fully accessible by the end of the decade.

      Accessibility to Liverpool’s other popular areas will also be improved by 2028 through a new Bus Rapid Transit serving John Lennon Airport, Anfield and Bramley Moore stadia.

      High-speed connections to Manchester will also be explored which, if put into place, will make Liverpool an even more attractive place of residence for commuters.

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      New Parks and Mersey Power Scheme Will Boost Liverpool’s Eco-Credentials

      The Liverpool City Region Combined Authority’s blueprint also has a heavy focus on the environment and renewable energy. The plan sets out a scheme to create six new urban parks by 2030, adding 100,000 trees and more greenery and leisure space in the city. £10 million will be invested in installing electric vehicle charging points by 2028, and digital innovation will be utilised to improve air quality.

      The previously announced Mersey Tidal Power scheme is also mentioned, as the LCRCA says they will produce a full business case for the project by 2028 as the city enhances its status as Britain’s Renewable Energy Coast and refocuses on the 2035 net zero target – the most ambitious of any city region.

      There is a growing trend in residential properties to adopt renewable energies, as homes with renewable energy sources tend to sell for above-average prices. Access to parks and green spaces has also become a must-have for modern renters as air quality and well-being become bigger concerns.

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      Jessica Ferris

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      Jessica Ferris is a property writer at RWinvest, helping our readers stay ahead of property market trends with the latest news and statistics.

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