Liverpool has the second fastest growing digital cluster in the UK (TechNation, 2015) and is one of only 3 Internet of Things clusters. The sector generates just under £1bn of economic activity a year, employing 19,000 people.
Liverpool is the only deep sea port on the UK’s west coast, recognised by government and industry as vital to its Northern Powerhouse programme. If the country joins NAFTA on its exit from the EU then, as the dominant port in North American trade, Liverpool’s maritime economy will enjoy further rapid growth.
The Liverpool 2018 campaign aims to attract audiences of millions of people, create significant economic impact and push Liverpool to the top of the ‘must-visit’ cities in 2018.
Liverpool is in the top 3 UK cities for brand recognition amongst overseas visitors thanks to The Beatles, Titanic and its globally-successful soccer club – all of which fuel a thriving tourism industry that has driven a construction and employment boom in new hotels, restaurants, bars and visitor attractions.
Liverpool is one of the top 3 wealth management locations in the UK, with a substantial stockbroking, fund management and pension management sector. The city’s oldest business, Rathbones, manages more than £36bn of assets from its base on the Pier Head, for example.
More than 10,000 highly skilled and well-paid people work in the life sciences sector in Liverpool, generating £1.7bn a year in economic output. The city hums with the output of research establishments, many for global giants such as Astra Zeneca, Seqirus, Eli Lilly and Actavis, and £2bn of investment is now committed to growing the sector.
Both rental and sales activity in Liverpool city centre have shown good performance in both the near and medium term as prices and activity have responded to economic and population growth.
Liverpool’s economy has grown by 30 per cent since 2005, with £42bn of annual output and a diversified base which protects it from shocks. There’s a strong pipeline of major infrastructure projects and the city is set fair for a period of continued economic growth.