Liverpool council approves plan to regenerate Edge Lane

image captionThe plans involve a new retail park

A £200m plan to regenerate a stretch of a key road into Liverpool has been approved by council planners.

It involves building a new community park, restaurants, retail and leisure facilities along half a mile of the Edge Lane corridor.

Liverpool City Council's planning committee approved the plans put forward by landowners Derwent Holdings.

The proposals will now need to be referred to the government for approval before building work can begin.

Members visited the site of the development on Tuesday before making their decision.

Derwent Holdings Ltd is one of several companies built up by Isle of Man-based millionaire Albert Gubay, whose assets are now held by the charitable foundation he founded.

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