Everton turn down £30m LCRCA loan for Bramley Moore Dock

In September 2021, the Liverpool City Region Combined Authority (LCRCA) approved funding for a £15m grant and £30m loan to support work connected to the new Everton stadium project at Bramley Moore Dock.

Steve Rotheram, Metro Mayor for the Liverpool City Region issued a statement regarding the funding.

As with all investments supported by the LCRCA, assurances were sought that the project aligned with our investment strategy and significant due diligence was undertaken to ensure that the project would provide value for money.

As one of the largest construction projects in the North of England, coupled with long term commitments to regenerate the local community, the LCRCA supported the scheme on the basis that it could be the catalyst for the transformational regeneration of communities across North Liverpool and South Sefton.

Earlier this year, Everton Football Club notified the LCRCA that it had found alternative sources of funding from the private sector and would therefore no longer require the £30m loan. 

The LCRCA is in contact with Everton Football Club about the next steps on the £15m grant, which is intended to preserve the historical assets of the Bramley Dock area, support the wider development of the site, create jobs for local people, and attract visitors to the region.

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