Member Article

Brexit extension a ‘huge relief’ for Liverpool’s leading developers, says Legacie boss

Legacie Developments founder, John Morley, has today said the six month extension to Britain’s departure from the European Union is a huge relief for Liverpool’s development community.

The leading property developer’s comments come as MPs work cross-party to find common ground to agree on the Prime Minister’s Brexit blueprint.

There was concern in some quarters that further Brexit uncertainty could knock the confidence of overseas investors and dampen efforts to regenerate Liverpool.

However, Mr Morley, who has successfully delivered a number of high profile construction schemes across Liverpool, believes the delay is welcome news for property developers, investors and the Liverpool City Region’s regeneration goals more widely.

John Morley said:

“After the EU referendum in 2016, the weaker pound meant foreign investors saw the UK as a prime marketplace which had the potential to provide fruitful returns. 

“But it’s nearly three years since the historic vote and the business world, in particular the development industry, is no clearer on what Brexit will look like. It’s extremely hard to plan ahead, but I’m glad the exit date has been delayed for at least six months.

“It will hopefully give the Government the required time to reach an agreement with Brussels which puts jobs, livelihoods and inward investment first”.

This was posted in Bdaily's Members' News section by Liam Kelly .