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Economic Development

McCarthy and Stone 'actively searching' for land in Liverpool as it plans £5m investment

It sees the city as a 'key location' as it responds to the PM's appeal to 'build, build, build'

McCarthy and Stone CEO John Tonkiss(Image: John Lawrence)

A leading developer and manager of retirement communities has said it will "actively search" for land in Liverpool - and make a £5m investment in older people's housing in the city.

McCarthy and Stone said it is reacting to Prime Minister Boris Johnson's appeal to developers to "build, build, build", by seeking appropriate sites for the development of a new multi-tenure retirement community in the city.

The firm is predicting a "strong increase" in demand for retirement living in the city, with the º£½ÇÊÓÆµ's 65+ population set to grow by 43% over the next 20 years.

Describing Liverpool as a "key location" for the firm, John Tonkiss, CEO, said: “The Prime Minister is spot on in recognising that housebuilding will be central to the º£½ÇÊÓÆµ’s recovery effort, and more and better housing for older people is a critical part of the mix.

“High-quality and well-located retirement communities bring life back to high streets and help older people remain independent and secure in their own home, with companionship and assistance on hand if needed.

"Our communities have a positive impact on the health and wellbeing of customers – something that has never been more important than right now.

"Coupled with the ageing population, we are predicting a substantial increase in interest.

“We have identified Liverpool as a key location for McCarthy and Stone, and we need new land in the city in order to satisfy this growing demand. I would urge landowners or those who are in a position to make a new site introduction to come forward at their earliest convenience and have a discussion with our land buying team.