Sector - Housing
Cash boost for new homes at Festival Gardens
Some £9.9M in funding from Homes England will see 1,500 new homes built in Liverpool’s Festival Gardens.
Homes England has announced a nearly £10M fund to build new homes in Liverpool’s iconic Festival Gardens from the government’s £450M Local Authority Accelerated Construction (LAAC) scheme. Liverpool City Council will use the funding to complete remediation work on the site to allow construction to begin.
Mayor of Liverpool Joe Anderson said: “We welcome this essential financial injection from Homes England. Festival Gardens is a much-loved waterfront location and people have very fond memories of spending time there.”
“Thanks to this funding, the council can start essential remediation works on site and move forward with the vision of creating a significant number of new family homes in South Liverpool at an iconic destination.”
“Alongside this, we are testing feasibility for a leisure element on site – Festival Gardens will not only deliver a much sought-after housing development, but also a first-class visitor and cultural destination.”
Residential building has been planned for the central city location before but a lack of funding has meant the council has been unable to go ahead with preparation on the site. It is now hoped that the first new homes will be available by 2022 with work starting this year.
Festival Gardens has become an iconic spot in Liverpool thanks to its history. The site has been in disrepair since it was originally used for the Gardens Festival and occupies a central waterfront location.
Homes England also recently opened offices in the same building as Liverpool City Region Combined Authority. They hope that relocating their offices will allow the two organisations to work in collaboration.
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