en.Wedoany.com Reported - The Liverpool City Region Combined Authority announced at the UK's Real Estate Investment & Infrastructure Forum (UKREiiF) that the first batch of projects from its £2 billion investment fund will unlock over 520,000 square feet of office, laboratory, and light industrial space, expected to support more than 2,800 jobs. Since its launch at the international property market MIPIM in March, the fund has attracted dozens of project responses to its investable proposition, with a total value exceeding £1 billion.
According to the newly released investment strategy, the fund manager has identified six priority projects with a combined value of over £200 million to proceed to the next phase. These include two developments in Liverpool's Central Business District, which together will create nearly 250,000 square feet of Grade A office space, supporting over 2,000 jobs. Both projects have secured full planning permission: one is the Pall Mall project, the city's first new-build Grade A office building in 15 years; the other is the redevelopment of the Grade II listed Martins Bank on Water Street, expected to create 140,000 square feet of Grade A workspace. Also included are two industrial developments in St Helens, a laboratory development in Runcorn, and a light industrial development in Liverpool.
Two other projects are progressing further. Phase two of Project Violet at Sci-Tech Daresbury has received funding approval and will create approximately 250 jobs across two buildings upon completion. Hemisphere ONE, a cutting-edge laboratory and office development in Liverpool's Knowledge Quarter, is expected to receive investment fund support, subject to full business case approval. This project will create over 500 operational jobs and nearly 300 construction jobs, aiming to address Liverpool's urgent need for high-quality office and laboratory space to support research and innovation.
These eight projects will collectively create 520,000 square feet of commercial space, supporting over 2,800 jobs. Mayor of the Liverpool City Region, Steve Rotheram, stated that the investment fund aims to change the region's long-standing reliance on short-term funding and constrained regeneration economics by pooling public money into a single investment pot to unlock stalled projects, accelerate renewal, and attract private investment. Shortly after the fund's launch, the government's City Investment Fund (CIF) provided £95 million in support to boost investor confidence and accelerate city centre regeneration. Chancellor of the Exchequer Rachel Reeves said at UKREiiF that these projects will support fast-growing sectors such as health and life sciences, digital technology, and advanced manufacturing. A second call for projects is expected later this year, with a focus on the digital and creative sectors.
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