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Peel Holdings threatens to pull out of £10 billion Broadway Malyan Merseyside schemes

Peel Holdings, one of the UK’s largest developers, has threatened to pull the plug on its proposed £10 billion Liverpool and Wirral Waters scheme if the two projects are called in.

According to the firm’s development director Lindsey Ashworth, the planning policy needs to be loosened if the region is to see the grand regeneration that it is offering on both banks of the River Mersey.

Speaking to the Liverpool Daily Post, Asworth said: ‘My view is if it goes to a public inquiry I am finishing, all bets will be off. We will abandon the scheme.’

The developer has yet to submit a planning application for either project, each designed by Broadway Malyan, but is understood to be concerned over the length of time major schemes like this take to go through the planning system.

Ashworth added: ‘We are trying to bring international business and create new business. Vancouver which is now considered the most desirable place to live and work in the world, is a great example of what could happen on the Liverpool waterfront.

‘Building small houses on here, it’s not going to happen – it would not help the local economy. They have got to be tall buildings.

‘We are stuck in a planning process that is going to take too long, something needs to happen to make it happen quicker. This scheme does not fit in with national, regional, or local planning policy.’

The Waters would provide 40,000 new homes and 50,000 full-time jobs on 320ha of brownfield docklands over a 30 to 40-year period.

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