The CLT says the main driver of the project is to keep future tenants’ energy bills low and their homes warm and healthy.
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The council’s masterplan, adopted after widespread consultation with residents, will see the extensive development and refurbishment of Farnworth town centre.
‘Liverpool city centre needs new Grade A office space to attract companies and highly skilled jobs so we can continue to grow our economy.’
‘Upper Central is vital to this city’s economic future and such is the scale of its potential it will be a huge employer for generations to come.’
‘We want to hold the government’s feet to the fire on what they are doing to help business investment in all parts of the UK.’
‘Wigan’s journey shows that it is possible to achieve substantial savings while protecting or improving outcomes, but only if services are genuinely transformed.’
The announcement marks a return to house building for the local authority, who built the first council houses in Europe in 1869 to tackle issues with sanitation and poor health.
‘We are determined to do even more to make sure the whole of the North can reach its full potential.’
Work is now underway to refurbish and remodel the Grade II listed Victorian building, which is set to reopen under a new commercial operator in summer 2020.
The initiative, which will allow people to rent homes at 80% of market rent, will be launched with a pilot project involving 14 new homes in Dingle.