Neptune secures funding for New Brighton scheme

  Liverpool-based Neptune Developments has secured £3.9m of Northwest Regional Development Agency funding for its regeneration of seaside town New Brighton, in Wirral, Merseyside.   The funding boost will allow Neptune and Wirral council to move ahead with the second phase of their regeneration project, known as Brand New Brighton.   The second phase will comprise more than 220,000 sq ft of retail and leisure space, alongside public realm improvements. Neptune will invest £33.6m into the second phase.   The NWDA’s investment will support land remediation and a series of integrated public realm improvements across a 35-acre stretch of New Brighton’s waterfront, including a promenade and car parking facilities.   Steven Broomhead, chief executive of the NWDA, said: “Brand New Brighton is the largest single transformational project in the wider Mersey Waterfront Regional Park initiative and a significant signature project for the Liverpool city-region.”   Steve Parry, managing director of Neptune Developments, said: “The NWDA’s investment in public realm will complement the commercial scheme which will deliver the foodstore, hotel, upgraded marine lake and sailing school, outdoor lido and the commercial and leisure facilities such as cinema, fitness centre, restaurants and bars.”   daniel.cunningham@estatesgazette.com