Mersey Regeneration Context

Merseyside was declared an Objective One region in 1995, making it eligible for funding from the European Regional Development Fund, (ERDF), and the European Social Fund, (ESF). Between 2000 and 2006 Merseyside has received nearly £950 million in EU grant funding.

Liverpool, Halton, Knowsley, Sefton, St Helens and Wirral form the Liverpool City Region with one of the fastest growing economies in the country, home to big hitters like Jaguar, Littlewoods, and Royal & Sun Alliance. This economic growth, coupled with regeneration across the region, helps to raise the profile of the region, assisted by The Mersey Partnership, whose role is to promote the area as a great place to invest, live, work and visit.

Liverpool will be crowned European Capital of Culture in 2008, when much of the current regeneration work will be complete. The regeneration programme is guided by the Strategic Regeneration Framework, produced by Liverpool Vision, an independent company established to bring together public and private sector agencies, including English Partnerships, NorthWest Development Agency, and Liverpool City Council.

The Paradise Project is well underway and is due for completion in Summer 2008. The transport interchange is already open with a steady stream of buses and passengers flowing through. The development will also deliver new retail, residential, hotels, and leisure space.

Wirral Waterfront regeneration is managed by a partnership of local community groups, voluntary sector agencies, public service providers, ( including Wirral Borough Council and Wirral Primary Care Trusts), and businesses. It aims to develop Wirral's Mersey shoreline, from New Brighton in the north to Eastham in the south. The project began in November 2000 and will run until the end of March 2007 with £20m of funding from the Single Regeneration Budget.

The Northern Way is a project aimed at stimulating the economy across the whole of the North of England led by the three Northern Regional Development Agencies, Yorkshire, Northeast and the NorthWest.