Several private developers have shown interest in supporting the proposals. Whilst a single developer proposal carries inherent risk, a diversely financed and mixed tenure approach offers resilience and longevity to a re-emerging community.
The key to this approach is to increase the cross-section of stake-holders. Given a notional mix of 33% owner- occupier, 33% Developer-led rental and sales and 34% Social Landlord, it can be shown that a diverse and cross-stratified community may be encouraged. Indeed, national planning policy encourages developments of mixed tenure and affordability in new developments. In this area, the framework of a community already exists. It then follows that an approach through which individual renovators, self-builders, private tenants, social tenants and home owners all invest together is best likely to ensure a highly active, vibrant and long- lasting community, befitting of its urban setting and proximity to the centre of Liverpool.
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