Wirral Council and Peel Holdings have secured £6 million extra funding to support the building of more than 1,000 new homes in the borough.
The investment will be used to carry out infrastructure works, including land remediation, public realm works and utilities provision, at the Northbank site, part of Peel's Wirral Waters development.
The money, part of an overall £866m investment from the Housing Infrastructure Fund (HiF), will help pave the way for the building of around 1,100 homes by 2025 at Northbank, which is earmarked as a south-facing, waterfront residential ‘neighbourhood’ anchored by the existing Grade 2 listed East Float apartment block.
Wirral Waters is the largest regeneration project in the UK and has potential to create thousands of new jobs and homes. In November 2016, this site became one of just six new Housing Zones established by the government alongside sites in Sheffield, Grimsby and Cleethorpes, Barnsley, Sandwell and Blackburn and Burnley.
Cllr George Davies, Wirral Council Cabinet member for Housing and Community Safety, said: "I don’t think there is a bigger priority for the council over the next few years than providing good quality new housing. It is at the heart of our commitment to growing the local economy - attracting new businesses and investment to the borough, creating new jobs and helping existing employers in the borough to grow and expand.
"I am delighted our bid for funding to the Housing Infrastructure Fund has been successful. This will help get plans for a major new housing development on the Northbank site off the ground, which will ultimately lead to the availability of more than 1,000 new homes on a brownfield site in an important, well connected location. It’s fantastic news for local residents."
More announcements on Wirral Waters are expected shortly.