North West Square | Liverpool City region are considering £ 45million investment in Everton Stadium
Everton’s new stadium could give the city’s economy a billion pound boost, the club said. Credit: via town planning documents
The Combined Authority said it was considering a grant of up to Â£ 15million to help with infrastructure work for the public space around Bramley-Moore Wharf, and a loan of up to Â£ 30million of pounds sterling for the construction of the stadium.
The proposed loan would provide a return on investment with interest, which the combined authority could use to fund other projects.
If the plans are approved at a committee meeting on September 24, then the money will be awarded – provided Everton FC meets certain conditions. This includes targeting local spending, engaging with the local community, running health and wellness campaigns in North Liverpool, employing local residents and providing apprenticeships and creating sustainable programs for skills education. Everton would also be remodeling their current home, Goodison Park.
In a joint statement, the mayor of the Liverpool City Metro area Steve Rotheram, the head of the council of Halton Cllr Mike Wharton, the deputy head of the council of Knowsley Cllr Louise Harbor, the mayor of Liverpool Joanne Anderson, the head of the council of Sefton Cllr Ian Maher, Head of Council of St Helens Cllr David Baines and Wirral Head of Council, Cllr Janette Williamson, said:
âThis is not an investment in a football club but in an important project that will generate a myriad of social and economic benefits for the communities in our region. Whether it’s creating thousands of jobs, training and learning opportunities for local people, attracting hundreds of thousands of new visitors to our region, and launching programs that will help fight against health and social inequalities, while supporting vulnerable people in our communities.
âThe financial returns generated by this investment will ensure that we are able to invest in other regeneration projects and services throughout the city region. Given the austerity and financial constraints that local councils continued to face, this is an innovative way to generate new money and invest to improve our region.
The construction of the new 52,888-seat stadium is a Â£ 500million project that will take three years to complete. The Combined Authority said it believed the project would act as a catalyst towards the regeneration of Liverpool’s North Docks.
The new Everton Stadium is part of Peel L & P’s Â£ 5 billion Liverpool Waters project. Everton FC estimate that when the stadium is completed it will bring 1.4 million visitors to Liverpool and boost the city’s economy of Â£ 1.3 billion. Laing O’Rourke is the main contractor for the project. Pattern Design is the architect, Planit-IE acting as a landscape architect. CBRE is the planning consultant for the project. Severfield, based in Yorkshire, is providing steel for the project.