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Evertonís New Stadium Set To Bring £1bn City Economy Boost

Wed 20th Sep 2017 | Football Stadiums & Facilities

Everton’s proposed new stadium at Bramley Moore Dock will provide a £1bn boost to the local economy according to studies.

The latest projections of the economic impact of a major new stadium in the north docks area of the city has highlighted the sizeable benefits a new home for Everton at Bramley Moore Dock will provide. 

The figures produced by CBRE – who are working with Everton on their stadium project – estimate that a new stadium development will bring a contribution of more than £900m Gross Value Added (GVA) to the region’s economy before the stadium is even completed.

The huge financial lift to the city’s economy during the construction phase will see the creation of more than 12,000 jobs for local people, with more than £255m estimated to be spent locally through supply chains and other service costs during the same period.

Once completed, the stadium is set to provide an annual GVA to the city of £94m through hotel occupancy, retail and tourist spend across the city.

Everton’s arrival in the north docks region of the city - and GVA over £1bn - will act as a catalyst for even further regeneration of the area. The stadium is the key project in a monumental regeneration scheme - a scheme that is set to be one of the largest and most transformational Liverpool has ever seen.

Iain Jenkinson, Senior Director of Planning and Development at CBRE said: “This is a once-in-a-generation opportunity for Liverpool to embrace one of the most significant and unique regenerative investments the city has ever seen.

“The economic contribution to the city of Liverpool through Everton’s new stadium at Bramley Moore Dock, the catalytic effect it will have on surrounding neighbourhoods, and the equally important Goodison legacy project make this a package of projects, a game-changer for the city.

“In addition, it will further enhance the city’s international reputation for delivering major transformational projects on such a large scale.”

The Bramley Moore Dock project will match the £1bn boost to the local economy provided by the Liverpool Echo Arena and Exhibition Centre development on the King’s Dock site but will support a significantly greater number of jobs - more than 15,000 in total.

The wider scheme is being supported by Liverpool City Council and Peel Land and Property and includes a housing development consisting of more than 1,650 homes, as well as commercial developments and a synergistic retail offering for the local neighbourhood.

The new stadium development is part of a sequence of projects in North Liverpool. Bramley Moore Dock is part of the Peel Land and Property Liverpool Waters development - a £5.5bn regeneration scheme which stretches along Liverpool’s North Docks and is made up of five neighbourhoods.

Mayor of Liverpool Joe Anderson hailed the proposed development as a ‘game changer’ for the city.  He said: “A new Everton stadium at Bramley Moore Dock would be a huge catalyst for change along the city’s North Liverpool waterfront and these figures show the impact would be felt immediately.

“Our partnership with Everton is strong and a lot of hard work by both parties is going on behind the scenes to make this a reality.”

Everton is continuing to engage with key stakeholders over the new stadium project. A document will be released shortly by the Club in which Everton’s key principles for the development of a new stadium at Bramley Moore Dock - and an enduring legacy at Goodison Park – will be explained and shared. The Club is keen to hear feedback from its fans.

Everton CEO Robert Elstone said: “As well as proving an iconic new home for future generations of Evertonians, our investment in Bramley Moore Dock will bring lasting and substantial benefit to the city of Liverpool.

“Being part of a project that will offer so many transformational opportunities is hugely exciting for a Club with a second-to-none commitment to its City and we remain grateful to the commitment of all the parties working so hard to make this a reality.

“The Club continues to work hard on plans for a lasting legacy at Goodison Park which will protect the needs of our current neighbours and deliver further regeneration benefits to the local community and the wider city region.”

Posted by: Aaron Gourley 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

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