The long-gestating plans for a major studio development in the Northwestern English city of Liverpool are finally going ahead. The £70 million ($93.1 million) redevelopment of the iconic Littlewood…
The £70 million redevelopment of the iconic Littlewoods building, which would include major studios, creative office space and new media facilities,A report requesting permission for the scheme is going to the Liverpool Council’s cabinet on Dec. 3. If approved, the scheme could create almost 4,000 jobs, transforming Liverpool into one of Europe’s premier TV and Film hub and enhance the city’s reputation beyond being the home of The Beatles.
The first phase, which will take a year to execute, will involve remedial work to the site beginning in early 2022, costing £8 million. The funding will come from the Liverpool City Region Combined Authority and be granted to developers Capital & Centric to carry out site investigations, remediation and main scheme design works.
For phase two to proceed a fully-costed funding package is required, with the council and combined authority projecting to both invest £12 million and a commercial lender being sought for the balance.
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