Upcoming developments promising to transform Liverpool
Liverpool is a city known for it’s classic Georgian architecture and towering cathedrals, however it’s far from being a city that is stuck in the past.
As the prospects of this once destitute city continue to improve, a number of exciting building developments have been announced that promise to transform disused parts of the city into vibrant places to live and work in. Whilst some of these plans have proven too grand to complete so far, many of them have acted as a starting point for regeneration in the areas, turning them into something entirely unforeseen.
The following developments are all in various stages of development – projections for completion are based on outside sources and are purely speculative:
Perhaps one of the most controversial development plans to have got the go-ahead in the city, the New Chinatown development currently sits in a quagmire of delays and legal disputes. One look at the stretch of land near the Anglican Cathedral is enough to tell you that building will not be completed anytime soon on this project, this is largely due to ongoing disputes between developers North Point Global and Liverpool City Council. With the land and property up for grabs, only time will tell if this grand vision is ever completed.
The vacant, industrial space alongside Liverpool’s iconic dockyards has long been considered a dead-zone by scousers and tourists alike, however that’s all about to change soon with the Liverpool Waters development. Whilst the docks might not receive the same kind of traffic that it once did, planners are eager to make the most of its proximity to the city centre by constructing several large buildings that will be home to businesses, young professionals and families, including the modern Hive City which will house 278 apartments as well as a rooftop restaurant.
Once the home of iconic nightclub Nation and the world-famous Cream nights, this central nightlife hub is now a construction site, pending the completion of four new buildings and a renovation of a pre-existing warehouse which should provide space for 447 new apartments. The ground floors of these buildings will be reserved for new commercial ventures, as well as a large basement club which should go some way to soothing those who miss the all night-raves at Nation.
Cains Brewery Village
Finally, Cains Brewery Village is an ongoing development which has passed through many hands but, arguably, has the best chance at being both completed and profitable for it’s investors. The initial plans promised to completely revamp the disused Cains Brewery building and transform it into a thriving retail and leisure hub, however progress has been halted due to a lack of funding. The Dansaj brothers, who have ownership of the 170,000 sq ft building are still determined to see their vision through to fruition. For now, temporary establishments like the Baltic Market and Ghetto Golf course are attracting hundreds of people to the area.
The Merseyside is area is one that has been blighted with high Unemployment levels for the past three decades.
Constantly left behind the curve when it comes to urban redevelopment and sorely lacking in the financial support that the area so deserves, the city and surrounding county may finally be seeing a shift in the balance of things.
As recently as November, the National Housing Federation issued a statement based on their ‘Home Truths’ Report – a document detailing the true cost of home ownership within the United Kingdom and it’s various regions. Within this report were also statistics pertaining to the numbers of those living unemployed in the Merseyside area and the affect that this has on those looking to buy a home in the future.
Although the national unemployment rate (when considering those of working age) is around 6.2%, this number is much higher when considering Merseyside alone. As of November, Merseyside’s unemployment rate is considerably higher than the national average at 10% (in Liverpool itself, this number was an even higher 12%). This is something that might well be set to change as it’s emerged this year that Liverpool is now one of the top cities in the UK to find a job.
Increased investment from established companies, as well as a growing number of new start-ups and a burgeoning restaurant scene, has led to Liverpool being named the number one city in the UK to find a job in.
The amount of vacancies that can be found in the city has reported to have risen by as much as 23% over the New Year with jobs in industries such as Healthcare, Hospitality in addition to 140 new roles as Constables for the Merseyside Police.
This sharp rise in business opportunities in Merseyside area has put it head and shoulders above other major cities in the UK. In London, vacancies rose by 19% and in Southampton and 18% rise was seen in job opportunities.
Of course, an increase in job vacancies will always lead to an increase in applications, as graduates and those entering the job market for the first time rush to get their feet in the door. Applications have risen in line with vacancies by 24% compared to this time last year.
What does this mean for the South Sefton area then?
An increase in job vacancies in the Merseyside area can only be seen as a good thing. Although we might not be able to see a dramatic increase in our day-to-day lives immediately, it’s certainly good to hear some positive news about increasing prosperity in our area. The more people that invest in our local economy, the more we’ll be able to see unemployment levels drop.
With the increase of vacancies across the Merseyside area a rising interest in apprenticeship schemes has also been seen, as would-be students aim to avoid sky-rocketing tuition fees in favour of learning a vocation that allows them to earn money straight off the bat.
Although it might be hard to discern initially, the tides of prosperity are shifting in Merseyside.
In a few years, perhaps, we can start to properly compete with the rest of the country as we can hope to see our local unemployment rate drop in line with the rest of the country.