Liverpool City Council is looking to create a Cultural Enterprise Industry Hub that will neighbour and complement the development of the £5.5bn Liverpool Waters project and the Titanic Hotel and Rum Warehouse Conference Centre.
A recommendation is going to the city council’s cabinet on Friday, 14 October to approve a new vision – known as the Atlantic Corridor Development Framework – which aims to revolutionise the city’s northern docklands area.
The first phase of the framework has identified a zone, called the “Ten Streets”, which begins less than one mile from the city centre’s commercial district and runs to the Stanley Dock complex, itself undergoing a multi-million pound renaissance.
Encompassing 27 acres, many of the warehouses and dockside buildings in the Ten Streets zone lend themselves to conversions and with a low rents base, and are considered an ideal location to attract artistic, creative and digital businesses.
The council report has identified huge potential for growth with £260m having been invested in new developments within the Atlantic Corridor boundary since January 2012, £52m currently on site and a further £130m of development with or seeking planning permission.
Joe Anderson, mayor of Liverpool, said: “Liverpool’s Atlantic Corridor has the potential to become one of the jewels in the north of England’s economy.
“It’s been a sleeping giant for far too long and now thanks to work with partners such as Peel and Harcourt we have for the first time in generations a plan to resurrect its fortunes.
"In many ways the warehouses that fell silent with the changes in the docks fortunes are now its greatest asset as they are the perfect spaces for start-ups and emerging businesses in the digital and creative sector.
“There is much work to be done in establishing the ‘Ten Streets’ as a brand and location, but the vision is there, the support is there from the city council and, crucially, the private sector to deliver something very special."
The council’s ambition, which will be captured in an emerging master-plan for Ten Streets, is to blend historic buildings with new developments in much the same way that has seen the transformation of the city’s Baltic Triangle or Shoreditch in London, attracting new investment, business and jobs.
Key proposals of the Atlantic Corridor Development Framework include:
The Ten Streets zone also runs parallel to the A565 which is subject to £35m of improvements in anticipation of the new £400m Liverpool2 deep water container terminal.