• Council committed to working with Everton over new stadium • Any investment would go into 'wider regeneration scheme'

Liverpool City Council has reaffirmed its commitment to working with Everton in relation to the club's plans for a new stadium but stressed it is not in a position to fund the project and that any investment it makes will go into a "wider regeneration scheme".

Last year the club revealed they were exploring locations for a new home in collaboration with the council. They are looking to switch from Goodison Park to a purpose-built ground inside the city boundaries of Liverpool.

Everton have identified a site for a 50,000-seat stadium with their chief executive, Robert Elstone, saying they will need the support of the council.

Liverpool City Council said: "We wish to reaffirm our commitment to working with Everton in relation to their new stadium proposals. As with all large-scale regeneration projects with the potential to create jobs and investment in Liverpool, the city council will look at ways it can support the wider regeneration scheme, but no firm options have been developed in terms of how or where this will take shape.

"However, we must stress that the city council is clearly not in a position to fund the costs of a new stadium. Any investment the council makes would be in a wider regeneration scheme, subject to a sound financial and economic rationale for doing so."