A significant step forward for housing-led regeneration in Liverpool has begun, as the Vescock Street and Limekiln Lane scheme becomes the first development proposed for delivery led by Aviva Capital Partners and supported by Homes England.
This marks a transformational moment for the city’s development landscape and serves as an early milestone in the emerging Liverpool North New Town vision.
The project signals a shift towards more resilient, partnership-led delivery in the local regeneration strategy by combining a long-term institutional investor, a major housing provider, and the council’s own landholdings.
The scheme is located within the Greatie Market and Scotland Road Regeneration Programme and proposes the creation of around 135 new homes.
This includes approximately 110 Build to Rent properties delivered through initial funding from Aviva Capital Partners and 25 Rent to Buy homes, which will be owned and managed by the registered provider Torus.
Place Capital Group has been appointed as the development and delivery partner, working alongside Liverpool City Council to bring forward these high-quality homes as part of the wider masterplan for the area.
Strategic Investment and National Housing Policy
The introduction of investment from Aviva Capital Partners, managed through Aviva Investors, represents a substantial vote of confidence in the Liverpool development sector.
In partnership with Homes England, this investment aligns with the UK Government’s new National Housing Bank.
The Vescock Street scheme is expected to strengthen the city’s credentials and position Liverpool at the forefront of national housing growth policy.
It forms one of the first delivery phases of the Liverpool North New Town, a long-term programme focused on improving neighbourhoods across Everton, Vauxhall, Anfield, and Kirkdale.
The development will act as a catalytic early phase in bringing forward new housing and wider placemaking improvements.
These include an improved public realm, greener streets, and better walking and cycling connections to enhance local connectivity.
Additionally, the adjacent Central Tin site, owned by Liverpool City Council, has been proposed for further affordable housing development by Torus.
The provider, which already has a successful recent scheme in the area, will undertake feasibility work with the intention of bringing forward 20 to 30 additional affordable homes.
Leadership and Partner Reaction
Cllr Nick Small, Cabinet Member for Growth and Economy, said:
“The Vescock Street project demonstrates the scale of opportunity unlocked when public land, institutional capital, and high-quality housing providers work together.
“With the launch of the National Housing Bank and backing by Aviva Capital Partners and Homes England, Vescock Street stands as the clearest early signal that the development landscape in Liverpool is changing, towards long-term partnerships, greater investment confidence, and accelerated delivery of high-quality homes.”
David Smith-Milne, founder and CEO of Place Capital Group, said:
“Being appointed as the exclusive development partner is testament to the quality of PCG’s delivery capability and track record, as well as the strength of our development pipeline.
“Having secured major regeneration projects in Manchester and Liverpool to kick start this investment, we are excited about our continued expansion nationally to deliver much needed family housing in underserved markets.
“Vescock Street will be the first quality housing scheme in North Liverpool for a generation and will kick start a wider programme of renewal.
“The partnership we have developed with the council, Homes England and Aviva will deliver high quality, low energy, beautifully designed homes set within an environment that encourages neighbourliness and community.”
Community Engagement and Future Approvals
The proposals for the Vescock Street development remain subject to the usual statutory processes and planning approvals.
As the plans are developed further, community and stakeholder engagement will take place to ensure the voices of local residents are heard.
By integrating various housing tenures and focusing on high-quality design, the partners aim to create a sustainable and thriving community.
This initiative represents a major commitment to the long-term renewal of North Liverpool, providing much-needed housing while improving the physical environment for those living and working in the area.
