WIRRAL COUNCIL is set to agree a 10-year deal to fast track economic growth in Wirral through the biggest public-sector led regeneration programme in the UK.
The Council’s cabinet will meet February 28 when it will be asked to approve a recommendation to appoint its joint venture partner to create Wirral Growth Company (WGC) after an exhaustive selection competition run by Wirral Council.
If given formal approval to proceed by Wirral Council’s Cabinet, WGC will begin consultation and engagement with local residents and businesses on how to drive regeneration of various sites across the borough.
These include Bebington, Birkenhead, Bromborough, Moreton and Seacombe and will include new homes, commercial, retail and leisure developments, bringing thousands of new jobs to the borough as well as boosting property values and attracting further investment.
The Council is also keen to see regeneration take place in New Ferry following the gas explosion nearly 12 months ago. Wirral Council is still awaiting the Government’s response to the request for funding promised by Ministers during their visits after the incident.
Council Leader Phil Davies, who will recommend the creation of the joint venture, said WGC will play a key role in “boosting the local economy, providing new employment and delivering much-needed new housing”.
Under the proposals being put to Cabinet, all the profits from the developments will be split 50-50, with the Council’s share providing income to be reinvested in delivering front-line services.