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After having received about £9m from the Northwest European regional Development Fund and the Northwest Regional Development Agency, English Cities Fund and Liverpool Vision are all set to begin the last phase of the St. Paul’s square redevelopment in Liverpool.

Both these companies have put together a sum of £4m for creating Grade A offices in the St. Paul’s square. This development will result in the availability of 100,000 sq ft commercial office spaces for the whole business community.

For the completion of the first two phases of development of the St. Paul’s square both these firms had made contributions that had led to the building of 50 new apartments, a new public square, 250,000 sq ft of shared office space, and a multi-storey car park with about 400 spaces.

The final phase would see the development of Grade A office spaces to provide offices for top notch professional and financial services sector companies in the city at the St. Paul’s square.

Chief executive officer Steven Broomhead of the NWDA expressed his relief when he said that the final phase of the development of the St. Paul’s square was now on the anvil with the funding from the companies, and businesses would look to acquire the Grade A offices available after the final phase resulting in the growth of St. Paul’s Property.

He also said that with the current funding and the starting of final phase of the development of St. Paul’s Square, the image of Liverpool as a modern place, which is congenial for businesses, would be reinforced. He added that the completion of the final phase would show that Liverpool believes in its local market even in dire economic conditions.

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