How Will Liverpool’s 4-Year Blueprint for Growth Affect the Local Property Market?

On the back of the recent government change, Liverpool Mayor Steve Rotheram has just announced a four-year blueprint for the Liverpool City Region.

This corporate plan has the aim of driving growth through Liverpool investment in major infrastructure projects, improvements to public transport, and building on sectors such as health and life sciences, digital and creative, and advanced manufacturing. The city region is targeting a 25% increase in direct foreign investment by 2030.

The blueprint includes plans that will directly impact local property such as the commitment to decarbonise 1000 homes and public buildings each year through retrofit and heat networks. In addition, the authority will enable the construction of 200 new dwellings each year on previously developed land.

Other aspects of the blueprint are likely to have a knock-on effect for the Liverpool buy-to-let property market, pushing up property values, heightening demand, and encouraging further investment.

The Liverpool City Region Combined Authority’s blueprint also has a heavy focus on the environment and renewable energy. The plan sets out a scheme to create six new urban parks by 2030, adding 100,000 trees and more greenery and leisure space in the city. £10 million will be invested in installing electric vehicle charging points by 2028, and digital innovation will be utilised to improve air quality.

The previously announced Mersey Tidal Power scheme is also mentioned, as the LCRCA says they will produce a full business case for the project by 2028 as the city enhances its status as Britain’s Renewable Energy Coast and refocuses on the 2035 net zero target – the most ambitious of any city region.

There is a growing trend in residential properties to adopt renewable energies, as homes with renewable energy sources tend to sell for above-average prices. Access to parks and green spaces has also become a must-have for modern renters as air quality and well-being become bigger concerns.