The study was undertaken to assess the potential for redeveloping a number of key derelict and disused sites totalling over 500 acres, including Garston Waterside, Northern Airfield, Bryant and May, Speke Industrial Estate, Edwards Lane and Triumph Motors.
The study highlighted Speke-Garston's ability to attract new investment and employment to strengthen the existing list of companies currently located in the area.
Emerging plans for the area suggest the potential for establishing an industrial and business park which, over the next 10-15 years, could comprise over 3 million sq. ft. of space.
Both bodies will also will seek support from the European Regional Development Fund to give formal commitments to the project.