The MP this week made his first formal visit to the pool where he met with Formby Pool Trust chief executive Mark Ascroft.
Formby's pool was officially opened in January 2007 after a 40 year campaign by residents to get the facility built.
Bill said: "I am very impressed with how well the pool is run, by how well used it is and by what a great facility the pool is for this town. It is a testament to the hard work of the local campaigners and the hard work of the Formby Pool Trust.
"The pool is clearly very popular and there's always lots on for the local community, everything from swimming lessons to exercise classes."
The former small businessman also praised the management of the pool which he said should be used as an example for how businesses can develop.
Bil said: "Formby Pool is an example of how well this kind of facility should be run.
"Not only is the pool being used for traditional purposes, the pool recently hosted the Formby Live Festival and members of the management team are always looking at new commercial and community opportunities.
"The Formby Pool is an example of a brilliantly run leisure facility which works for the good of the community in conjunction with Sefton Council.
"Clearly in the difficult times we are in, leisure centres are having to prove they are invaluable to the communities they are in. Formby Pool is doing just that."
Bill also said he would fight to ensure that Formby Pool is not threatened by any government cuts.
Bill added: "I will work tirelessly to ensure that Formby Pool is not a victim of the cuts which this Conservative-Lib Dem Coalition Government has already announced, or the rest which they have in the pipeline.
"Formby Pool is an outstanding facility which is right at the heart of this community."