LANDMARK MOU SIGNED BETWEEN LIVERPOOL CITY REGION AND THE ISLE OF MAN

A landmark Memorandum of Understanding (MOU) has been signed between Merseyside and the Isle of Man, reinforcing their deep-rooted economic, cultural, and historical relationship. This agreement marks a significant step in strengthening trade, investment, and cooperation across various industries ensuring mutual growth and prosperity.

Economic impact and opportunities

The Isle of Man plays a key role in supporting investment and job creation in Liverpool and the wider North West region. Its contributions span financial services, clean energy, and manufacturing. With ambitious plans to double its GDP over seven years and attract 500,000 annual visitors by 2032, the Island presents growing opportunities for business and trade partnerships with Liverpool.

A flourishing relationship

The strategic partnership between the Isle of Man and Liverpool began with an MOU in 2018 and has strengthened with substantial investments, including the new Liverpool Ferry Terminal—the Island’s largest single investment in the UK. In 2024, the Isle of Man’s Department for Enterprise partnered with the Liverpool Chamber of Commerce, fostering stronger trade relationships