Metro Mayor Supports Kirkby regeneration with £10m cash injection
Metro Mayor, Steve Rotheram has confirmed that the Liverpool City Region Combined Authority will be stepping up to support the Council’s purchase by investing £10 million allocated from the Single Investment Fund, following the announcement that Knowsley Council had purchased St Modwen’s assets in Kirkby town centre.
The Combined Authority has also set aside a potential further £5m for further regeneration of the town centre. Steve Rotheram said:
“I’m so happy to see the regeneration of the ‘Townie’ is finally happening. There have been too many false dawns caused by broken private sector promises but I’m really proud that we have been able to play a part in bringing this much-needed development to the area I grew up in.
“Devolution is all about taking back control from Westminster and shaping our own destinies. When I was elected, I promised that no borough would be left behind and it’s fantastic that, in partnership with Knowsley Council, we will see the heart put back into Kirkby again.”
Knowsley Council’s purchase of St Modwen’s assets in Kirkby will be the first time in the town’s history that the Council has owned and managed the town centre. Crucially, the purchase will allow the Council to push ahead with regeneration plans which include a new 45,000 sq ft Morrisons, 9 new retail units, 2 drive-thru restaurants, a petrol station, and associated car parking.
Councillor Graham Morgan, Leader of Knowsley Council said:
“This is the largest investment which Knowsley Council has ever made, so agreeing this additional support from the Combined Authority is great news and yet more evidence of our strong partnership. It provides us with additional reassurance that our decision to intervene in Kirkby is the right one.”
Knowsley Council announced its intention to buy St Modwen’s assets in Kirkby on 19 July 2019 with the £43.8 million purchase finalised only four months later (19 November 2019).
The deal includes the purchase of 87 shops (with plans to build an additional 9 new retail units) and 12.4 acres of land. This includes the existing shopping centre, development land, and costs associated with building the new facilities.
The development will lead to nearly 500 new jobs being created in Kirkby, alongside 278 construction jobs during the building phase. This will help to create a £15.3 million boost to the local economy each year. In addition, it is anticipated that the completed scheme will generate £650,000 per annum in Business Rates which can then be ploughed back into key public services and support.
In addition to the retail development in the town centre, good progress is also being made on plans to deliver a cinema and associated food and drink outlets (on the former Kirkby Library site on Newtown Gardens). The Council is also progressing with plans to purchase the Knowsley Community College site on Cherryfield Drive and facilitate the College’s ambitions to open a new facility at the heart of the town centre.
Work on the new retail development will commence next week.