The first phase of the new one million square feet development is expected to be complete by summer 2016.

Cains Brewery Village bosses are now seeking development partners and operators for the hotel and independent cinema elements of the scheme.

They are also looking to link-up with an upmarket quality supermarket operator for the food retail element of the Grade II listed brewery’s conversion.

Plans will see the brewery building restored to its former glory with a spectacular ‘Sky Bar’ in the roof which will offer views over the city and the river Mersey.

The building will also house a 94 room boutique hotel, courtyard bistro bar & restaurants and a large open plan retail hall for artisan food producers to make and sell their produce on site.

There will also be a designer retail market for independent fashion businesses and function rooms. The existing historic Brewery Tap pub will be restored and retained.

The plans also include a four-screen independent art-house cinema, a supermarket, health / beauty and fitness centre, up to 775 high quality homes or 2,500 student bedrooms and 500-plus car parking spaces.

Liverpool Mayor Joe Anderson said: “The Cains Brewery Village scheme will transform one of the city’s most important historic buildings and create a new tourist destination capable of holding food, craft and cultural events which will complement the city’s existing retail and leisure offer.

“It will also be a perfect neighbour to the vibrant cultural community in the Baltic Quarter. We’re delighted this scheme is progressing.”

Sudarghara Dusanj, Managing Director of Cains Brewery Village, said: “We are going to create a major new tourism and leisure asset for the city which will secure the future of the Cains beer brand and the grade II listed brewery for decades to come.

“We are now seeking development partners and operators for the cinema, hotel and supermarket to help take the scheme forward. We are particularly keen to speak to upmarket quality supermarket operators who want to take advantage of what is a clear gap in the city market.

““We’d like to thank the city’s planning and regeneration team for all their help in bringing this forward as well as our Baltic Triangle neighbours who have been extremely supportive and have bought into our vision.”