Muse Developments set for £1bn Wirral regeneration project

Muse Developments has been selected as the preferred bidder to partner on the proposed £1bn Wirral regeneration opportunity, Insider can reveal.The project is set to provide new homes, commercial, retail and leisure developments, thousands of jobs and a boost to property values, as well as help attract further investment.Wirral Council’s cabinet will meet next week to approve a recommendation to appoint the developer, which has operations in Manchester, as its joint venture partner to create the Wirral Growth Company (WGC); a ten-year initiative to fast track economic growth in the borough.If given formal approval to proceed, WGC will begin consultation and engagement with residents and businesses on how to drive regeneration of various sites in the likes of Bebington, Birkenhead, Bromborough, Moreton and Seacombe.The council is also keen to for regeneration works to take place in New Ferry following the gas explosion almost 12 months ago, with the authority awaiting the government’s response to a request for funding.Under the proposals being put to cabinet, the profits from the developments would be split 50-50, with the authority’s share providing income to be reinvested in front-line services.