Major boost as Liverpool strikes second 'City Deal'
Source: North West Business Insider
Employment and transport across Liverpool are set to receive a welcome boost after the city negotiated a second 'City Deal' with central government.
Liverpool City Region Local Enterprise Partnership and its partners have worked on the deal which will see a raft of further investment into the city.
This latest announcement follows the first City Deal earlier this year which provided £130m of funding and the right to hold an election for a directly elected mayor.
The second City Deal includes plans for an international business festival showcasing international business opportunities expected to deliver £100m return on investment.
There will be £81m of public/private employment and skills investments which the LEP said would empower businesses to create more jobs, tackle skills gaps and raise productivity.
These are expected to support 17,400 people back into work and create 6,000 apprenticeships.
There will also be a revised approach to transport governance and the creation of a joint investment fund of £800m supporting the creation of 15,000 jobs.
Science and knowledge in the city region have not been omitted, with plans to create 2,000 new jobs, while a low carbon red tape pilot will be aimed at reducing regulatory burdens and streamlining the planning process.
The LEP said this would accelerate more than £100m worth of investment in offshore wind infrastructure into the region, creating 3,000 jobs.
Finally, the City Deal will examine how the River Mersey can become the cleanest river in an urban setting by 2045, with the associated economic benefits.
Mayor Joe Anderson said: "I am pleased to see what has been agreed with government and strongly welcome the support to help us secure growth and create jobs.
"We are using our natural strengths and I am pleased to see the focus on trade and the river.
"It is now incumbent on us all to work together to support our businesses in their efforts to secure growth and create jobs."