Maghull Town Team is planning big things for Central Square after receiving a £17,000 contribution from Labour-run Sefton Council.
The group, which is made up of Maghull Labour Councillors, local businesses and other local residents, formed to kickstart the rejuvenation of the town centre.
Maghull's Labour MP Bill Esterson gave his backing to the team which led to the successful bid for £10,000 funding.
Labour-run Sefton Council also contributed £17,000 to the team.
Sudell Ward Labour Councillor Lynn Gatherer, who is part of Maghull Town Team, said they are working on lots of exciting plans to help the square.
Cllr Gatherer said: "Maghull Town Team is a fantastic group of people who are determined to rejuvenate Central Square and make it a town centre that we can all be proud of.
"This is early days, but we have been successful in bidding for the Town Team fund and Labour-run Sefton Council has contributed to the team, so we have £27,000 to start turning some of the many plans that we have for the area into a reality.
"This includes the creation of a community radio station which will feature local people presenting shows on issues of interest to the community of Maghull and also local businesses.
"At Christmas Maghull Town Team organised the Christmas Lights switch-on in Central Square which attracted hundreds of people to a fantastic event.
"We want to set up more events like this throughout the year to get people into the square, so they can see for themselves what is on offer, and then in turn attracts more businesses in because they can see that it is a thriving town centre."
Sefton Council's cabinet member for regeneration, Labour's Cllr Ian Maher said he was delighted the council was supporting the Town Team.
Cllr Maher said: "Labour said we would support initiatives to regenerate our town centres and shopping areas, and this £10,000 contribution to the Maghull Town Team shows our determination to do just that.
"We support the work of the Town Team in Maghull and we will continue to support the improvements they want to make to the town centre."
Fellow Sudell Ward Labour Councillor and Maghull Town Team member, Cllr Patrick McKinley, said he hoped the Town Team will attract aspiring entrepreneurs to make Maghull their base.
Cllr McKinley said: "One of the most exciting projects is the creation of a retail business incubator, where aspiring entrepreneurs who want to set up their own business can try out their business idea by having access to shop space (at a nominal rent) in the square, without taking on a huge early commitment. We are exploring the potential for this with the owners of Central Square. These 'pop up shops' are proving to be popular in other areas."
Steve said: "The Town Team have some great ideas and now we have some funding we've got a good base to start to put those ideas into action. We all agree that the Town Team needs more involvement from the local community so anyone who would like to become involved will be very welcome."
Cllr Gatherer also said the Town Team hopes to expand by attracting more members of the community to join up.
Cllr Gatherer said: "To be a success, Maghull Town Team needs to include people from throughout the town, to get involved and contribute ideas on how we can improve Central Square.
"People are welcome to come and join us. Please come along to our next meeting and let us know your ideas."
Maghull Town Team will be meeting next at Maghull Town Hall at 6.30pm on Monday, May 13.