Investment key to unlocking city’s potential

Posted On: 18th February 2016

Liverpool and London business leaders gathered at the prestigious Mansion House to discuss unlocking private sector investment in the Northern Powerhouse.Government Opportunities

Guest of honour Lord Heseltine addressed more than 120 dignitaries and businesses, hailing Liverpool as one of the ‘leading lights’ in the Northern Powerhouse and the gateway to the Atlantic.

Liverpool saw a record number of new start-ups in 2015 with 4,473 new businesses created. In the same year, the city also saw a 33 per cent increase in office take-up in the professional services sector.

With an economy of more than £121bn, guests heard about some of the major investments in the city, spanning ports and logistics, life sciences and low carbon. This includes the £1.8bn SuperPort plan and deep water container terminal Liverpool2, £15m Sensor City university scheme and new city health campus featuring the £25m new Life Sciences Accelerator building.

Global consumer giant Unilever has made considerable investment into Merseyside including the £6.9m project at Liverpool Science Park enabling cutting edge research into home and personal care products and the new Centre for Materials Discovery.

Speaking at the home and office of the Lord Mayor of the City of London, Lord Heseltine said:

“Liverpool’s historic devolution agreement will give the city more power which will in turn unlock more of the private sector investment needed to drive growth and create jobs.

Liverpool has a real opportunity to shape its own destiny and it will be important to set clear priorities for investment for it to really thrive as part of the Northern Powerhouse.”

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