Wirral Waters designated as Enterprise Zone

Wirral Waters The Wirral Waters project covers 500 acres of Birkenhead docklands

Related Stories

The Wirral Waters project has been designated as one of 11 enterprise zones around the country.

The special status means tax breaks and planning rules will be cut back to attract new businesses and create jobs.

The scheme covers 500 acres of Birkenhead docklands which will be developed into offices, leisure and residential accommodation.

Leader of Wirral Council, Jeff Green, said it would "act as a catalyst for investment both sides of the river".

The government has promised to invest at least £100m in the zones before the next election.

'Rebalance economy'

Richard Mawdsley of Peel Holdings welcomes tax breaks for potential tenants

The Wirral Waters scheme is one of the UK's biggest regeneration plans and will include 15,000 new homes and the creation of 25,000 new jobs.

The proposals, which could take up to 40 years to fully complete, will see skyscrapers opposite Liverpool's waterfront.

Developer Peel Holdings intends to invest £4.5 billion in Birkenhead over the coming decades.

Councillor Green said: "Today's announcement by government represents a fantastic additional vote of confidence in the future of Wirral's economy.

"Wirral Waters is already an attractive investment opportunity but its designation as an enterprise zone will allow us to offer tax incentives in the first years of occupancy, which will give businesses locating on the site a great head start.

"This is particularly important for SMEs [small and medium enterprises] who have the potential to grow, help to rebalance our economy and deliver jobs for local people. "

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Liverpool

Weather

Liverpool

Min. Night 14 °C

Features

  • Children in Africa graphicBaby steps

    Why are more children in Africa living beyond five?


  • Olive oil and olivesFood myth

    Did 1950s Britain get its olive oil from a pharmacy?


  • Rio Ferdinand and David Moyes'Playing to win'

    Memorable quotes from sporting autobiographies BBC Sport


  • Hand washing to contain Ebola in LiberiaEbola virus

    More action is needed to tackle Ebola, say experts


  • shadow of people kissing on grassOutdoor love

    Should the police intervene when people have sex in public?


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.