Liverpool's Gay Quarter gets new community interest group
A community interest company (CIC) is being set up to help draw investment to Liverpool's Gay Quarter.
The quarter was officially recognised around Stanley Street two years ago. An official Gay Pride event has taken place in the area since 2010.
The CIC will establish the area as a distinctive destination and generate income from grant funding, not currently available.
It was approved on Friday by Liverpool City Council's cabinet.
Councillor Nick Small said the Stanley Street Quarter was "a success story".
He said: "It is a vibrant area which not only has a great night-time economy, but also has a number of highly successful independent traders."
He said the vision for the Quarter "needs to be driven forward and it should be the local stakeholders who are directly involved in their area".
Community interest companies are operating successfully in areas of of the city including Ropewalks and The Baltic Triangle.
'Natural next step'
The company will be registered in time for the new year.
Andi Herring, the project officer for Stanley Street Quarter, said: "Being able to stand on our own two feet is a natural next step for the area. The community is certainly behind it".
The Liverpool City Region is estimated to be home to more than 94,00 LGBT people - the same number as San Francisco. Its total estimated population is more than 1.5 million people.
A website for the CIC will launch and a public consultation which will allow the community to get involved.
CIC's are firms set up to use their profits and assets for the benefit of the local community.