Spotlight on Liverpool Public Transport Regeneration Schemes

It’s an exciting time for Liverpool regeneration at the moment, and this extends to the city’s public transport system.

This forward-thinking city is always looking to the future, and as the area develops into a world-class urban centre, a public transport system to match is required. According to the Liverpool City Region Combined Authority, hundreds of millions of pounds are set to be invested in creating a ‘London-style integrated transport network’. This includes ‘new trains on our Merseyrail network, new stations, zero emission hydrogen buses, a safer cycling network, and smarter tickets’.

So, why does all this matter to buy-to-let property investors?

Firstly, regeneration area investment is known as a lucrative strategy for investors seeking to maximise returns and have a positive impact on the local community. Underutilised districts that are about to be or are being targeted for strategic redevelopment will currently have lower property prices but, in the future, will benefit from increased capital value as the area becomes more attractive and more in demand.

This article focuses on public transport regeneration, which has the added benefit of making an area more livable and enticing for tenants due to improved transport links. Higher demand and rapid rental price growth for buy-to-let investments are likely to follow.

Apart from ongoing schemes and those in the pipeline, new plans are being put forward all the time to improve Liverpool’s public transport network and propel the city to further growth.

Liverpool City Region Combined Authority are working on finding partners for a £1 million contract to redevelop Liverpool Central station, one of the busiest rail hubs in the country, and the surrounding area. They are describing this as a ‘once-in-a-generation opportunity’ to transform one of Liverpool’s most important central areas. As part of the plans, they also aim to better connect the core of Liverpool with the up-and-coming regeneration districts, including the Knowledge Quarter, Baltic Triangle, and Fabric District.

There are even talks of ambitious plans such as linking Liverpool Lime Street and Liverpool Central to create a transformational city centre rail hub, a ‘trackless tram’ or ‘glider’ form of public transport that could take passengers to Liverpool Airport, Anfield, and other important Liverpool areas that are currently less well-served by transport links. The contract is expected to be awarded in May, and from then on, we should learn more about the nature of this exciting scheme in 2024.

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