Liverpool City Region’s ambitions of becoming the country’s ‘innovation powerhouse’ will be made clearer today with the unveiling of a new multi-billion pound plan.
Launched by Metro Mayor Steve Rotheram, a new ‘innovation prospectus’, unveiled at an event in parliament, will detail how the City Region has the potential to generate over £40bn for its local economy through a number of key investments.
The launch is part of a wider strategy to bolster the city region’s investment in research and development (R&D), with the Metro Mayor hoping this will be done at double the national rate at 5% GVA by 2030. According to the Combined Authority, if successful, an estimated £41.7bn could be added to the city region economy and create 44,000 jobs.
