The Waterfront is an ambitious ongoing £200 million dockland regeneration project, which began in 2007. The project includes a new Barrow Marina Village which will incorporate an £8 million 400-berth marina, 650 homes, restaurants, shops, hotels and a new state of the art bridge across Cavendish Dock. A large watersports centre is also proposed, with the possibility of a cruise ship terminal. Some cruise ships are already scheduled to dock in Barrow, mainly for tourists to visit the Lake District, although there is no official cruise ship terminal yet. Developments have stalled since 2010 when the Northwest Regional Development Agency was disbanded and essential government funding was lost. Despite this Barrow Borough Council has since purchased land needed to make the development a reality and currently controls 95% of the site. The executive director of the council has stated construction of the Waterfront could resume by 2017 as economic prospects improve and has pledged funds to conduct a market testing exercise. The allocation of Growth Deal investment (2014–2021) will make improvements to the Barrow Waterfront Enterprise Zone far more secure In 2014 a £300 million investment into the shipyard was announced by BAE Systems, in anticipation of the new generation of UK nuclear submarines. Construction will take up to eight years and create thousands of new jobs at the shipyard thereafter. Amongst proposals are an extension to the DDH complex and new buildings in the central yard area off Bridge Road on Barrow Island (a site formerly mooted for a huge construction hall for the construction of "Queen Elizabeth"-class aircraft carrier sections which the yard failed to win contracts for), these will house pressure hull units ready for shot blasting and painting, and be a place for joining submarine equipment modules. Redevelopment of the 5.8 hectare central yard area was completed in 2018 and is dominated by the Central Yard Complex Facility which measures long, wide and tall, only 10% smaller than the volume of the pre-expansion Devonshire Dock Hall.