Liverpool area named best for investment by Sunday Times
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The Sunday Times has named the Liverpool Docks as the number one place to invest in the UK in 2024.
The North Liverpool Dock area – between the new Everton Stadium and the business district – was described as the “best place for turbocharged riverside regeneration” and ranked highest in the list of 25 investment magnets, above Cromer in Norfolk (2) Paisley in Renfrewshire (3) and Forest Gate in London (4). The newspaper said it was aiming to identify “25 locations in the UK that are improving the most”.
According to the Sunday Times, the list “includes places with improved transport links and new shops and restaurants, as well as the impact that arts, culture and entrepreneurial energy can have.”
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About the docks, the Sunday Times said: “Exciting times for the long-neglected stretch of waterfront between Liverpool’s expanding business district and the new Everton Stadium.
“The wide-ranging plans for the area include offices, homes, restaurants and a cruise terminal, as well as a park that will reconnect this end of the city to the Mersey that made its name.
“At the heart of the regeneration is the Ten Streets light industrial area with ambitions to become a new creative hub – think Baltic Rectangle – and a few independents have already moved in. There’s not a lot else here – right now – but if you want a grandstand view of the transformation, grab one of the industrial-style flats in Tobacco Warehouse (from £265,000).”
The Sunday Times also highlighted the investment potential of another Merseyside area. New Brighton was praised as the “best place for upbeat Mersey beach life”, coming in sixth on the list.
About New Brighton, the newspaper said: “Investment, community clean-ups and the arrival of cool independent business — bars and restaurants on Victoria Road; Sup, a bar/café/nice things shop opposite the railway station — are elevating this Victorian resort on the tip of the Wirral peninsula.
“The council has proposed a masterplan to smarten up the seafront, while reliable Merseyrail trains to Liverpool (25 minutes) keep city life within easy reach. Terraced homes start at £200,000.”
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