The new plan – which builds on the HCA's first Liverpool city region local investment plan for 2010/11 – also prioritises investment in certain aspects of the city, including the Liverpool Super Port - a local enterprise partnership plan to integrate Liverpool John Lennon Airport and the Manchester Ship Canal - the knowledge economy, the low carbon economy, and the culture and visitor economy.In addition, it will also prioritise the Atlantic Gateway development including Wirral Waters and Liverpool Waters, developer Peel Holdings' two waterside regeneration projects on the River Mersey.
The document states that the vast majority of empty properties are in the private sector and that the city region will concentrate on developing an accurate measurement of voids.
The Liverpool City Region encompasses the local authority areas of Liverpool, Sefton, Halton, Knowsley, St Helens and Wirral. The region is home to around 1.5 million people.
The new plan was developed due to the "reduction in public sector resources, a reformed planning framework and a shift towards localism", according to the HCA.