Liverpool City Region is to benefit from its first ever Innovation Investment Week, which is to bring billions of pounds worth of opportunities to the region.
Over the course of four days next week, the event will also see the launch of the city region’s new Life Sciences Investment Zone, which will bring new high-tech facilities to Liverpool. Alongside this, business and innovation support will compliment new training opportunities for members of the community to drive forward the next generation of talent. The Investment Zone is also set to bring £800 million worth of public and private sector support and 8,000 new jobs.
This event will also mark the third Innovation Investment Summit, which will bring business leaders from around the world together to drive innovation within the city region. This will support investors, entrepreneurs, industry experts and researchers to explore projects for investment in the region.
Dr Aileen Jones, Liverpool City Region Combined Authority’s Executive Director for Investment and Delivery, said:
“These are hugely exciting times for innovation in the Liverpool City Region.
“We have a new Life Sciences Investment Zones, which like our Freeport, offers significant opportunities to business and investors wishing to capitalise on our world-leading innovation capabilities.
“Innovation Investment Week will allow us to showcase the city region’s creativity, entrepreneurship and scientific brilliance, while shining a light on plans to inspire the next generation of innovators.”
Liverpool City Region is now one of only three places in the United Kingdom to hold Investment Zone and Freeport status. As part of this, the region will be supported toward its goal of spending 5% of its economy on research and development by 2030. By achieving this, an estimated £41.7 billion of gross economic benefit could be delivered, alongside a 10% increase in productivity and 44,000 new jobs.
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