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25.06.20

Liverpool submits £1.4bn economic recovery plan

Liverpool City Council has submitted a £1.4bn five-year recovery plan to Government today (June 25) to boost the nation’s post-Covid and post-Brexit economy.

The 178-page report outlines the city’s aims to create 25,600 jobs, an additional 12,000 construction jobs and more than 9,700 apprenticeships through a multi-layered programme that could save the city from a socio-economic crisis.

The Liverpool Economic Recovery Plan (LERP) was commissioned by Mayor of Liverpool Joe Anderson and co-signed by the Metro Mayor of Liverpool City Region, Steve Rotherham.

More than 25 ‘shovel-ready’ projects, most of which could begin before the year’s out, are included in the report which will go to the City Council’s Cabinet for endorsement next Friday (July 3).

These projects include a new cruise terminal, a major housing development, the next phase of the city’s health innovation campus and a Science and Tech Innovation Centre.

READ MORE: LIVERPOOL PLOTS CYCLING POP-UP REVOLUTION

A key point of the LERP is Liverpool’s strategic role as a global gateway in post-Brexit Britain, something which is deeply embedded into the vision for the city.

Other key themes are Innovation, Housing, Employment and Creativity, supporting lifelong careers in sectors that will drive the UK economy forwards.

Mayor of Liverpool Joe Anderson said:

“Liverpool has undergone a renaissance over the past two decades and we are not about to let the momentum slip. Our knowledge, digital and visitor economies are flourishing and this recovery plan sets out a detailed strategy to build on those platforms. By investing in these key projects, we can renew this city and its position it as a gateway for Britain for the 21st century.

“This recovery plan is immensely detailed and the sheer volume of partners involved across both public and private sectors from a wide range of disciplines underlines our commitment to seize what is quite simply a once in a lifetime opportunity to reset Liverpool. It has been researched, analysed and fully costed and I’m confident the government will see that Liverpool means business. This recovery plan is all about partnerships - and we need the government to act as one too. The return on investment is huge, a stimulus package that will not just benefit Liverpool - but also the region and the country.”

LISTEN: Ep. 13 Building economic resilience through local powers

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