New model for Baltic Triangle

Stakeholders launch Community Interest Company

Written by  The Confidentials | Follow @ | Thursday, 3 May 2012 19:07

BUSINESSES in the Baltic Triangle are to form a social enterprise-style company to promote the district as a key city centre destination for investment and development. 

The current Baltic Triangle Stakeholder Group, which represents businesses, organisations, landlords, developers and residents, has chosen the Light Night (Friday, May 18) for the launch of its Community Interest Group, creating a legal entity which will allow it to apply for funding. 

The group says it has been working for the past three years with Liverpool Vision to create an independent business and stakeholder organisation to take forward the area’s vision, “creative, industrious and pioneering.” 

'Progress'

A Community Interest Company is defined AS a business with social objectives whose surpluses are principally reinvested for that purpose, in the business or in the community, rather than being driven by the need to generate profit for owners. 

Liverpool Biennial marketing supremo Antony Pickthall is the chairman of the Baltic Triangle Steering Group. He said: “The Baltic Triangle has made great progress over the last year and the stakeholder group is making a significant contribution to driving forward the vision that we believe it will make it an attractive area for new businesses, visitors and residents alike, especially for those involved in the creative and cultural industries. 

Liverpool’s Baltic Triangle area, once a  focal point of theworking south docks,  has attracted many creative businesses in the last few years. The stakeholder group describws it as having “a vibrant atmosphere similar to New York City’s meatpacking district and Hoxton in London”.