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The Fourth Grace project will deliver a cultural landmark on the Liverpool waterfrontLiverpool’s successful bid to become the City of Culture for 2008, beating Newcastle in the process, has come as a welcome fillip to the region. Although the city’s regeneration has been underway since the mid-1990s, the decision comes as an endorsement of the hard work that the business community has put in during the past few years. As Digby Jones, director of the CBI, put it, “Liverpool is a city whose time has come” – this is a feeling that most of us working in the city are thriving on at the moment.

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