Cultural regeneration of Liverpool Waterfront gets cash boost

Plans for a new global visitor attraction, the redevelopment of two of Liverpool’s leading cultural institutions and a new public realm have been given a £22m budget boost.

The Chancellor Rishi Sunak has announced two separate financial investments for the city, which focus on improvements around the city’s docks and cement Liverpool’s ambition to put culture at the heart of regeneration projects.

£2m will fund the initial development stage for The Pool, a waterfront project that will create a new music venue, and £20m will come from the Levelling Up Fund for Tate Liverpool and National Museums Liverpool.

Mayor of Liverpool, Joanne Anderson, said: ‘Liverpool is known around the world for its historic waterfront, but it is really important that it doesn’t stand still and we continue to invest in it.  This announcement feels like a real line in the sand moment in the wake of UNESCO’s World Heritage decision, and we can now move forward and do things differently.

‘This significant new pot of funding will make sure that our docks will continue to be a major draw for tourists and locals alike for many years to come. This city is synonymous with incredible music and The Pool will create a world-class visitor attraction, a blueprint for the future of music education but most importantly it will create opportunities and joy for the people of this city.

‘National Museums Liverpool and Tate Liverpool are national institutions, with track records of successful delivery operating at a scale unique for cultural organisations outside London so we’re proud to have worked with them to help achieve this investment. Levelling Up is not just about transport – it’s about creativity, innovation and inspiration – three things Liverpool thrives on.’

Photo supplied by Liverpool City Council