INVEST IN
LIVERPOOL
INTRODUCING
LIVERPOOL Liverpool is a city in the North West and the heart of the Liverpool/Birkenhead metropolitan borough which directly abuts Greater Manchester on one side and the Irish Sea on the other. The city itself is the sixth most populous in the UK.
Population Liverpool - 465,000
Liverpool
Liverpool/Birkenhead Region - 2.24 million Student Population Over 48,900 University of Liverpool - 22,715 Liverpool John Moores University - 20,635 Liverpool Hope University - 5,550 Liverpool is also home to the Liverpool School of Performing Arts and the Liverpool School of Tropical Medicine.
Liverpool contains the UK’s most visited multi-use tourist attraction outside of London – Albert Dock. (Visit London, 2017)
£13.7bn Liverpool has a GVA (Gross Value Added) of £13.7bn and the City Region as a whole has a GVA of approximately £30bn, making Liverpool/ Birkenhead a significant contributor to the UK economy at large. (Property Insider)
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Infrastructure •
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National rail – Liverpool is linked to the rest of the country via train. It takes two hours to get to London, one hour to reach Manchester, just under two hours to reach Sheffield, around one and a half hours to reach Leeds and three hours to reach Newcastle. Liverpool John Lennon Airport – Approximately 4.8 million passengers travel through the airport every year with flights to over 60 destinations around Europe. Liverpool is also within close reach of Manchester Airport, another international hub.
Liverpool has been the site of hundreds of millions of pounds of redevelopment in recent years. Sites such as Liverpool ONE shopping complex, the RopeWalks, the Lime Street Gateway and the Commercial District (among others) have added much value to the city. Much, more is anticipated in the coming years.
In addition, the following are also either confirmed or possible at some point in the future: •
HS2 – Liverpool will not benefit directly from the first phase of HS2 as that is scheduled to terminate in Manchester. However the city will benefit indirectly as the North West as a whole is opened up and becomes even more of a major player than it already is. Plans are being formed to hook Liverpool up to the line as part of a second phase.
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Liverpool Lime Street – Plans for a £35m regeneration of the station and the area around it are going ahead.
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Transport for the North – As part of the ‘Northern Powerhouse’, Liverpool will benefit from improved transport across the region. The current links between the core Northern cities are substandard and the city will benefit from the proposed trans-Pennine links, the speculative idea to link the North East to the rest of the country more substantially than it currently is and especially by connecting the Western and Eastern ports.
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Atlantic Gateway – £50bn invested in 50 developments over the next 50 years in order to re-establish Liverpool as the UK’s premier shipping destination. The most imminent projects are the new deepwater port, Liverpool2, and the ‘Liverpool Waters’ programme. The new cruise liner port and passport control etc planned will open up another avenue for international tourists to visit Liverpool. It is envisaged that the ‘Liverpool Waters’ development will create 17,000 jobs and 21 million square feet of commercial and residential space including 23,000 apartments and four hotels.
16,000 Knowsley is the centre of advanced manufacturing in the Liverpool region and is home to large companies such as Jaguar Land Rover, QVC and Matalan. Knowsley business park is the most significant in the region. Covering 1200 acres, more than 800 businesses and 16,000 jobs call Knowsley business park home. (Liverpool City Region Investment Guide 2016)
Liverpool is home to Europe’s oldest Chinatown, and the biggest in the UK outside of London. (Visit Liverpool)
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Housing The average price of a house in Liverpool is £151,746 and the average across the city region is £162,075, according to Rightmove. Various figures can be found from a number of sources but those values seem to be the best average. Average rent in the city is approximately £750 PCM. The market in Liverpool is growing in strength and will continue to become more prosperous as the city does. In addition, the very strong student market and high rates of student retention following graduation ensure a healthy churn of renters in the city. Liverpool is particularly strong when it comes to student accommodation. The quality of the accommodation is high and there is a good quantity of it.
£200m Sefton is home to several multi national companies such as Fujitsu and Santander. (Liverpool City Region Investment Guide 2016)
The Wirral is a centre of offshore wind power, nuclear power and tidal power. Its strong ship building history and expertise is being utilised once again – Cammell Laird are building boats again and have recently beaten companies across the globe to win a £200m project building a polar research vessel. (Liverpool City Region Investment Guide 2016). The ‘Wirral Waters’ project is set to redevelop 25 miles of derelict docks, bringing them up to spec for the 21st century.
Employment The employment rate in the city stands at 60.5%, which is not as high as it could be, however the upcoming massive investments planned for the city should help to change this. The ‘Liverpool Waters’ project, along with the ‘Wirral Waters’ project on the opposite bank of the Mersey, should provide thousands of local people with employment. The city region has a slightly higher overall employment rate of 66.4% but this also leaves room for improvement compared to other metropolitan areas surrounding Manchester, Sheffield and Leeds. The average wage per week stands at £482.10 in the city and £465.00 in the wider region. This compares well with Sheffield, Leeds and Manchester.
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Halton is home to some of the most cutting edge science research in the country, for instance the facility at Sci-Tech Daresbury. (Liverpool City Region Investment Guide 2016)
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The content contained within is correct at the time of publishing (July 2017).