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Liverpool City Council is preparing to seek approval from its Cabinet next week for a significant investment in the Pall Mall development, aimed at stimulating economic growth, attracting new businesses, and generating hundreds of jobs in the city centre. The Council’s report outlines plans to back the initial phase of Pall Mall Gardens, a prominent Grade A office project set to offer over 107,000 square feet of premium commercial space within Liverpool’s central business district.
The proposal intends to tackle a long-standing issue in Liverpool: the scarce availability of modern Grade A office accommodations, which has limited the city’s ability to attract and retain expanding businesses and inward investors. With current demand exceeding supply, the Council’s involvement is designed to reduce risks associated with the project and encourage further investment, helping Liverpool remain competitive among other major UK cities vying for high-value employers and skilled workers.
Liverpool’s approach mirrors strategies previously adopted by other large cities such as Manchester, Birmingham, Leeds, and London, where local governments have supported commercial developments through public funding, land assembly, and development partnerships. These efforts have unlocked stalled projects, created employment opportunities, attracted new businesses, and generated long-term economic returns. Similarly, the Council plans to fund the development initially and retain ownership until it can be sold to a private investor, thus avoiding longer-term commitments.
Pall Mall Gardens is expected to yield notable economic advantages, including construction jobs during its building phase and the creation of hundreds of permanent positions post-completion. The project will also boost business rates revenues, support local supply chains, and help retain graduates and young professionals in the city. Additionally, the development will introduce around half a hectare of green space, improve access to Moorfields Station, and feature a highly sustainable building designed to meet modern environmental standards. Positioned next to St Paul’s Square and Moorfields Station, this first phase of the wider regeneration initiative is scheduled to begin construction in 2027, with completion slated for late 2028, pending Cabinet approval and progress on delivery milestones.
Councillor Nick Small, Cabinet Member for Growth and Economy, highlighted the importance of targeted public investment in economic growth, noting, “Cities that have successfully grown their economies over the past decade have often done so through targeted public investment that unlocks private sector confidence. Manchester, Birmingham and others have shown how strategic intervention can help bring forward developments that create jobs, attract investment and strengthen city centres.” He added, “Liverpool has ambitious businesses, a growing knowledge economy and a talented workforce, but we need the right commercial space if we’re going to attract and retain investment. Pall Mall would provide that opportunity.” Small emphasized the broader vision, stating, “This is not simply an investment in a building. It is an investment in Liverpool’s future economic growth. By helping unlock a development that the market has not delivered on its own, we can create jobs, support businesses and generate long-term benefits for residents and the wider city.”
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