Member Article

Paul Cherpeau, chief executive of Liverpool Chamber of Commerce comments on Rishi Sunak's Spending Review announcement

“There are no quick fixes to the damage that Covid has wreaked on the economy but the Chancellor’s pledge to protect jobs, businesses and livelihoods is central to our recovery and we welcome this additional investment. The measures announced to level up the economy in the north, including increased investment through the UK infrastructure bank, should allow Liverpool to unlock greater investment opportunities, as well as capitalising on the strengths of existing businesses, both of which will be fundamental to our longer term sustainable recovery. We wait to see the more details of the Shared Prosperity Fund which will be particularly important in this region. The increased investment and commitment to deliver a net zero economy, supporting a “green” recovery, also provides a key opportunity which we are well placed to exploit in the city region.

“Underpinning our longer term economic growth however must be a commitment to making sure that we have the skills and training in place to take advantage of these opportunities, even more so in a post Brexit economy, to allow us to compete fairly and successfully. Without that support these announcements will have a limited impact on the longer term prosperity of our city region.”

This was posted in Bdaily's Members' News section by Paul Richards .