Cains, the Liverpool based brewer, has submitted £50m redevelopment plans to turn its base in the city into a leisure and tourism destination called Brewery Village.

The business was wound up with debts of £8m earlier this year and the owners of the site, the Dusanj brothers, want to turn part of the grade II-listed headquarters building on Grafton Street into a 100-bed boutique hotel, art house cinema, food market and restaurant.

Sudarghara Dusanj, Managing Director of Cains, said: "We want to create a major new tourism and leisure asset for the city which would secure the future of the Cains beer brand and the grade II listed brewery for decades to come. Cities like Manchester and Newcastle have been unable to save their traditional breweries but we know this scheme will ensure Liverpool has a thriving and historic brewery building for future generations.

"We will create a vibrant, independent and varied destination for people to live, work and enjoy which complements the rest of the city's assets. Our proposals would also make a significant contribution to the city's ambitions to regenerate the Baltic Triangle."

If approved the plans would secure and create in the region of 528 full-time jobs plus 48 construction jobs during the build stage. There is also a second phase which would create apartments on an adjacent site.