Partner Article

Liverpool LEP growth plan secures £300 million investment

The government has announced today a series of investments into the Liverpool city region economy resulting from the Liverpool City Region Local Enterprise Partnership (LEP) Growth Plan submission made earlier this year.

The LEP estimates that this investment is worth an additional £300 to £400 million that will help to enable 20,000 jobs in the city region on top of the £232 million secured from the Local Growth Fund announced in March.

The LEP Growth Plan has now secured over £0.5 billion of investment into the city region.

The schemes for which the LEP sought funding this time round are improved access to the Port of Liverpool and improvements to the M56, M6 and M53 to aid access and improve traffic flow.

Chair of the LEP, Robert Hough said: “When we submitted our Growth Plan we were conscious that what our city region needed was major infrastructure investment to enable growth.

“Some of that investment would be required from national budgets outside of the Local Growth Fund itself.

“This is a real coup for the city region as it now looks like all of those scheme ‘asks’ are being funded.

“I do not think many other areas will be benefiting as much as we are from today’s announcements and it is a huge credit to the work we, as a private sector LEP have done, in promoting the economic case for investing in the city region.”

“As we’ve articulated to Government so well, we anticipate that up to 20,000 jobs can be enabled by the infrastructure investments we have obtained.”

This was posted in Bdaily's Members' News section by Sophia Taha .