A significant step forward for housing-led regeneration in Liverpool has begun, as the Vescock Street/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 an early milestone in the emerging Liverpool North New Town vision.
The scheme, located within the Greatie Market/Scotland Road Regeneration Programme, proposes around 135 new homes, including approximately 110 Build to Rent (BTR) 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 have been appointed by Aviva Capital Partners as the development and delivery partner for the Vescock Street scheme, working with Liverpool City Council and Torus to bring forward high‑quality homes as part of the Liverpool North New Town.
The adjacent Central Tin site—owned by Liverpool City Council—has been proposed, under conditions, for Torus to develop further affordable housing. Torus have a successful recent scheme in the area already.
The introduction of investment from Aviva Capital Partners, managed through Aviva Investors, the asset management business of Aviva, represents a substantial vote of confidence in the Liverpool development sector.
In partnership with Homes England, the investment aligns with the UK Government’s new National Housing Bank. The Vescock Street scheme will strengthen the city’s new town credentials and positions Liverpool at the forefront of national housing growth policy.
The scheme forms one of the first delivery phases of Liverpool North New Town, a long-term programme focused on improving neighbourhoods across Everton, Vauxhall, Anfield and Kirkdale.
The Vescock Street development will act as a catalytic early phase in bringing forward new housing and wider placemaking improvements, including improved public realm, greener streets, and better walking and cycling connections.
By combining a long-term institutional investor, a major housing provider, and the Council’s own landholdings, the programme signals a shift towards more resilient, partnership led delivery in Liverpool’s regeneration strategy.
Torus will offer Rent to Buy homes within the main development and undertake feasibility work on the Central Tin site, with the intention of bringing forward 20–30 additional affordable homes as part of the wider regeneration. The proposals are subject to the usual statutory processes and planning approvals. Community and stakeholder engagement will take 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.”