The cancellation of a loan towards the construction of Everton ’s new stadium from Liverpool City Region is to be rubber stamped.
Last month, Metro Mayor Steve Rotheram said the combined authority would no longer be providing £30m to the club as part of a funding package arranged in September 2021 to support construction of Bramley-Moore Dock. That included a £15m grant to help pay for infrastructure and heritage work at the site, and a £30m loan to help with overall costs.
Mayor Rotheram confirmed in March that the loan would no longer be sought by Everton as it had “identified alternative commercial funding from the private sector” and as a result, the combined authority would no longer need to provide a loan, the purpose of which was to support regeneration and employment. The grant, which will progress, will be used to support heritage preservation and public infrastructure on the site.
