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£15 million Liverpool business hub to create 1,000 new jobs

The University of Liverpool and Liverpool John Moores University are collaborating on a £15 million business hub that could house 300 new businesses and create 1000 new jobs.

The project is backed by the Liverpool City Region LEP and aims to support companies as they develop new sensor technology.

£5 million of the £15 million project is coming from the government.

University of Liverpool Executive pro-vice-chancellor, prof Steve Holloway, said: “It is a great achievement for the city region to have been successful in winning the national competition to create the University Enterprise Zone: Sensor City.

“It is of the greatest regional importance that the entrepreneurial talent that is resident in the universities is given the opportunity to translate ideas from the back-of-the-envelope to start-ups, and eventually to fully-fledged businesses which, in turn, will benefit the region and potentially create new jobs.”

Universities, Science and Cities Minister, Greg Clark, said: “Sensor City is a fantastic example of what can be achieved when universities and businesses collaborate, and stands testament to the extraordinary talent in Liverpool.

“This new facility will ensure that the innovation and entrepreneurial spirit of students and academics can be harnessed by industry.”

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