North Liverpool development marks start of long term transformation

Marking a transformational time for Liverpool, the Vescock Street scheme creates an early milestone in the Liverpool North New Town vision.

Making a huge step towards housing-led regeneration in Liverpool, the Vescock Street/Limekiln Lane scheme is the first development proposed for delivery led by Aviva Capital Partners and supported by Homes England.

Proposing 135 new homes along with approximately 110 Build to Rent (BTR) properties, the scheme, which is located within the Greatie Market/Scotland Road Regeneration Programme, will be delivered through initial funding from Aviva Capital Partners and 25 Rent to Buy homes. This will be owned and managed by the registered provider Torus.

Appointed by Aviva Capital Partners as the development and delivery partner for the Vescock Street scheme, Place Capital Group is working with Liverpool City Council and Torus to bring forward high‑quality homes as part of the Liverpool North New Town.

With already having a successful recent scheme in the area, the adjacent Central Tin site—owned by Liverpool City Council—has been proposed, under conditions, for Torus to develop further affordable housing.

Investment from Aviva Capital Partners—managed by Aviva’s asset management arm, Aviva Investors—represents a significant vote of confidence in Liverpool’s development sector.

This investment fits in with the UK Government’s new National Housing Bank and is in partnership with Homes England. The Vescock Street scheme aims to strengthen the city’s new town credentials and align Liverpool at the heart of national housing growth policy.

The scheme focuses on a long-term programme focused on improving neighbourhoods across Everton, Vauxhall, Anfield and Kirkdale and is part of one of the first delivery phases of Liverpool North New Town.

This scheme aims to be an important early phase to welcome in new housing and wider placemaking improvements, such as public realm, greener streets, and better walking and cycling connections.

Liverpool Skyline — Credit: Liverpool City Council

As part of the regeneration, Torus will provide Rent to Buy homes within the main development and undertake feasibility work on the Central Tin site, along with the intention of bringing forward 20–30 additional affordable homes as part of the wider regeneration.

This is subject to the usual statutory processes and planning approvals, with community and stakeholder engagement taking place as plans are developed.

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.”