Ambitious £50million proposals to regenerate Southport have been welcomed by town MP Damien Moore.
The Southport Conservative MP says he is excited by the Southport Town Deal submission which will kickstart a wider £400m investment in the town and bring 1,250 additional jobs to the area as a result of the initial projects.
It includes a new convention and events centre on the site of the Southport Theatre and Convention Centre, which closed earlier this year as a result of the Coronavirus pandemic.
The waterside events centre would house a 1,200-seat auditorium, exhibition halls as well as a cafe and co-working space.
The plan also aims to regenerate the town centre and drive business growth.
Lord Street, the town’s grand boulevard that inspired the Champs Elysees, would be restored to its former glory and a new events space created.
A business incubator is proposed in one of Southport’s vacant town centre buildings providing much needed space for the town’s digital and creative businesses.
A larger Enterprise Store would also be developed in a former department store building to provide scale-up accommodation for growing businesses.
An immersive water, light and sound show experience is proposed on the Marine Lake.
Damien Moore said: “The projects put forward as part of the Southport Town Deal submission are really exciting news for Southport.
“The scope of these projects is huge, and they will unlock millions of pounds in further regeneration funding and create hundreds of new jobs.
“I am working hard to reverse 20 years of neglect in Southport and while not everything will happen overnight, these proposals will go a significant way towards doing that.
“As MP for Southport, I was delighted to be able to secure the opportunity for Southport to bid for this £50million in vital regeneration funding through the Town Deal process.
“The initial aim was to bid for £25million in support, but we have now submitted proposals for projects totalling £50million.
“Southport needs to build back stronger after this Coronavirus pandemic, as well as recovering from the 20 years of neglect we have seen here in our town.
“The first £1million of Southport Town Deal funding has already been released by the Government. £900,000 of that has been agreed so that work can begin on Monday (2 November) to transform Southport Market into an exciting new food, drink and events hub.
“A further £100,000 is going to Southport Business Improvement District (Southport BID) in match funding so they can provide decorative lighting along Lord Street.
“Local residents and local businesses in Southport want to see positive change happening and this is the start of many good things to come.”
The Southport Town Deal projects aim to attract further investment into Southport, as private firms realise the possibilities happening in the town.
That has already been seen in the news last week that Go Surf is eager to invest £40million in creating 120 new jobs at the brand new Southport Cove resort on the seafront.
Damien Moore said he has recently been speaking to other business leaders who are also keen to develop new projects in Southport.
He said: “Although it is early days, the Southport Town Deal is already proving to be a catalyst for growth and attracting major investors to Southport.
“We are already seeing very exciting plans develop with Norman Wallis and his Pleasureland site.
“We are also seeing other plans with schemes such as Techedia creating 70 new jobs at their new premises on Corporation Street and JSM Company group’s transformation of the former BHS building into 30 new apart hotels alongside five shops and a pub on the ground floor.
“There is massive optimism in Southport at the moment. There are other things I am engaging with, so hopefully there will be even more good news to come very soon.
“Over the next 10 weeks I will be working night and day to ensure that the Southport Town Deal, and the projects which will be submitted as part of that, will have a substantial impact on the future of Southport.”
Southport Town Deal Board, which Damien Moore is a member of, has submitted its ambitious £50 million plan for regeneration as part of the government’s Town Deals Fund, developed to ‘level up’ and drive the economic regeneration of towns across England.
A decision on the funding is expected early 2021 and further details of projects will be released in the next few weeks.