Bramley-Moore Dock stadium: Everton could receive £45m boost, when will it be built and what will it be named?
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Everton could receive a £45 million cash injection from local authorities for their new Bramley-Moore Dock stadium.
Liverpool City Region Combined Authority has proposed to hand the Toffees a £15 million grant and a further £30 million loan to help fund the half-a-billion pound project.
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A joint statement from all the respective leaders of the councils that make up the Combined Authority said: “This project stands as one of the most significant regeneration projects our region has seen in more than a decade and will be a major catalyst for regeneration and revival in an area that has been crying out for investment for decades.
“This is not an investment in a football club but in an important project that will generate a myriad of social and economic benefits for communities across our region.
“From creating thousands of jobs, training and apprenticeship opportunities for local people, attracting hundreds of thousands of new visitors to our region and launching programmes that will help to tackle health and social inequalities, whilst supporting the vulnerable within our communities.
“The financial returns generated from this investment will ensure that we are able to invest in further regeneration projects and services across the city region.
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Hide Ad“Given austerity and the financial constraints that local councils continued to face, this is an innovative way of generating new money and investing to improve our region.”
What would the £15 million grant go towards?
According to the Combined Authority, the grant would be to assist with infrastructure work to public space and heritage sites on the land around Bramley-Moore.
This would include preserving historic features, restoring derelict land, and providing public access to the docks.
What would the £30 million loan be for?
The overall costs of building the 52,888-seat stadium. The Combined Authority says that building the new stadium will be a "vital catalyst for regeneration of Liverpool’s north docks" and around Everton's current stadium Goodison Park.
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Hide AdThe Toffees have estimated the project will provide a £1 billion boost to the city region’s economy, attract 1.4 million visitors to the region each year and deliver an additional £237 million of social value.
How will the Combined Authority benefit?
It claims that the loan would offer a return on investment, plus interest that could be used to fund other projects and services across the city region.
Everton will also have to agree to commit to targets for employment and training opportunities for local residents and the achievement of social value.
In addition, the Toffees must lead on campaigns focusing on chronic health issues in north Liverpool through Everton in the Community.
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Hide AdIncreased funding will allow an expansion of its work in education, training, employment, youth projects, reducing crime and violence, supporting asylum seekers and veterans and health and wellbeing.
When will a decision be made?
Local leaders will consider the decision next Friday.
Where is the Bramley-Moore Dock stadium development currently at?
Last month, Everton held a commencement ceremony to break ground in the construction of the £500 million project.
When will it be built?
Everton hope to have the stadium completed for the start of the 2024-25 season.
What will it be named?
There’s no announcement on a stadium name just yet.
As revealed by LiverpoolWorld, the site will not be called the Bramley-Moore Dock Stadium.
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Hide AdEverton will acknowledge the history of slavery at Bramley-Moore Dock with a lasting memorial on the site.
John Bramley-Moore, who the dock is named after, was Liverpool Lord Mayor in 1848 and was later elected as an MP. He was also a slave owner and merchant trading in sugar and coffee from the plantations in Brazil.
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