Member Article

Liverpool City Region LEP Growth Deal signed

The Liverpool City Region Deal has been confirmed with the signing of agreements between the Rt Hon Greg Clark MP and Robert Hough, Chair of Liverpool City Region Local Enterprise Partnership (LEP).

The Deal is a first stage of developed funding being committed to the City Region.

Earlier this year the Liverpool City Region LEP negotiated the Local Growth Deal with Government that will bring further investment to the City Region.

A total of £232million Growth Deal was awarded to unlock the City Region’s potential as an economic powerhouse. The Deal will help to create 15,000 jobs, allow up to 16,000 new homes to be built and generate up to £30million in public and private spending.

The Deal sets out a number of opportunities covering transport and infrastructure, the ambition to be energy self-sufficient within 20 years, as well as priorities in skills, innovation and business.

Chair of the Liverpool City Region LEP, Robert Hough, said: “Our Local Growth Plan is critically important for our economy as we seek to increase our competitiveness over the coming years.

“For instance, we have always stressed the economic potential of the City Region acting as a freight and logistics hub for SUPERPORT and are therefore delighted that Government recognises the importance of the £46.6million infrastructure schemes to support these ambitions, and the £52million to enhance the connectivity and attractiveness of the City Centre as a place to visit, do businesses and live.

“Additionally, our skills capital funding means we are able to invest to equip our future workforce with the necessary talents and training for the jobs of today and tomorrow.”

He added: “Delivering our Growth Deal will be a significant step forward in realising our ambitions and the potential of the City Region to became an economic powerhouse.”

Universities, Science and Cities Minister, Greg Clark, said: “It’s great to be back in Liverpool to sign the Growth Deal which gives a £230 million boost to the City Region’s economy.

“This summer’s successful International Festival of Business showed that Liverpool is attracting the attention of the world’s investors. By improving transport connections, upgrading skills and supporting growing businesses this Deal makes an area on the rise even more attractive.”

This was posted in Bdaily's Members' News section by Simon Malia .