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Five New Investors for Liverpool City Region

The city of Liverpool recently received a wave of new investors.

These investors, comprising Danish energy firm DONG Energy, transport giants Alstom Transport and Stagecoach, Liverpool-based museum British Music Experience and training provider South West Regional Assessment Centre, are investing in the area as partners of the Liverpool City Region Local Enterprise Partnership (LEP). Under this partnership, all five organisations will now be able to contribute to growing the city region’s economy through the LEP alongside like-minded businesses and organisations

LEPs are voluntary partnerships between local authorities and the private sector set up in 2011 by the Department for Business, Innovation & Skills to lead economic growth, job creation and maximise return of investment within the local area. The Liverpool City Region, centred in Liverpool, also covers the local authority districts of Halton, Knowsley, Sefton, St Helens and Wirral, and has a population of between 1.5 million and 2.3 million.

LEP chair Asif Hamid MBE expressed his appreciation for the support extended by the five organisations to the city region and the LEP as partners.

“This is an exciting time to be doing business in the city region and this new and continued investment by these businesses will make a huge contribution to the economic growth and employment opportunities here. All the support we receive from our partners goes directly into making a difference to the city region’s growth for the benefit of the wider community,” he said.

DONG Energy UK managing director Matthew Wright said: “We have operated out of Liverpool City Region for over a decade and worked very closely with the Liverpool City Region LEP on a number of initiatives, including our event to mobilise the North West supply chain, the International Festival for Business and most recently the inauguration of Burbo Bank Extension, one of our two offshore wind farms in Liverpool Bay.

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“Together these wind farms generate enough low carbon energy for over 310k homes, so we’re really excited to join others in this partnership to continue to drive forward the growth of the low carbon sector in the city region.”

The Liverpool LEP was established in 2010. Liverpool is a core city in the Northern Powerhouse, an initiative by the government to boost economic growth in the North of England by investing in skills, innovation, transport and culture, and devolving significant powers and budgets to directly elected mayors to ensure that decisions in the North are made by the North.

With the Liverpool City Region LEP Strategy, Liverpool is well and truly open for business. This strategy will see the possible creation of more than 100,000 new jobs, an increase of more than 50,000 people and growth of  more than 20,000 businesses. It will also see a boost in Liverpool’s economy of some 50 billion pounds!

Liverpool has been ranked among HSBC’s Top 10 Buy-to-Let Hotspots in 2015 by yield. The city has also been pivotal in driving an increase in the number of renters in urban areas from 80% ti 86% over the last 10 years, according to Knight Frank.

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