A major Liverpool city corridor is on the brink of a dramatic transformation following the approval of a landmark £3.4 million investment from Liverpool City Council, the largest Section 106 contribution made by the authority this century.

The funding will help deliver a bold regeneration scheme at Monument Place, located in the heart of the city’s rapidly evolving Fabric District, which sits between the Knowledge Quarter and Lime Street.

The total investment could soon double, with the Liverpool City Region Combined Authority (LCRCA) expected to match the sum, pending final approval by the Council’s Cabinet on Tuesday (15 July).

The project aims to improve both public transport and public space in the area. Key plans include:

• Dedicated bus-priority lanes and upgraded traffic signals along London Road to improve journey times and reliability.
• The transformation of Monument Place into a vibrant public square featuring new paving, landscaping, rain gardens, seating, and a flexible event space.
• Improved walking and cycling links connecting into Liverpool’s wider active travel network.

The Section 106 funds have been sourced from nearby developments, and alongside the anticipated LCRCA contribution, will support a joint initiative between the Council and LCRCA to improve both infrastructure and public realm.

To deliver the scheme in a coordinated way, the Cabinet is also expected to approve a Section 8 Highways Act 1980 agreement, allowing the LCRCA to carry out highway improvements from Lime Street to Low Hill.

Concept designs, developed by Mott MacDonald and LDA Design, are currently at RIBA Stage 2. They have been shaped through collaboration with the Fabric District CIC and local stakeholders via a series of engagement sessions.

This latest initiative aligns with the city’s wider regeneration efforts, complementing plans for the nearby St George’s Gateway and reinforcing the Fabric District’s growing identity as a key part of Liverpool’s future.

Councillor Dan Barrington, Cabinet Member for Transport and Connectivity, said:

“Monument Place and the Metro upgrades mark a major turning point for one of Liverpool’s most vital city-centre corridors. 

“This project will deliver quicker, cleaner bus services alongside a beautifully reimagined public space that works for everyone – residents, visitors and businesses alike.

“This bold initiative demonstrates how combining smart transport with public realm improvements can fuel growth, cut emissions and create a city that’s easier to move around and healthier to live in.”

Councillor Nick Small, Cabinet member for Economy and Growth, added:

“I’m delighted that we have been able to make such a substantial Section 106 contribution to such a significant scheme.

“Thanks to this unprecedented funding injection we’ll be able to realise this imaginative and creative project, which will help transform the look and feel of the Fabric District and further improve its appeal to new investors.”

Simon O’Brien, Walking and Cycling Commissioner for the Liverpool City Region, said:

“These are bold and exciting plans that will transform how people move between Liverpool city centre, the vibrant Fabric District, and surrounding areas. 

“Improving walking, cycling, and bus links is about transport and much more – it’s about unlocking the full potential of this part of the city region, making it healthier, more connected, and more accessible for everyone.”

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