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Boosting economic growth for the Liverpool City Region is at the heart of everything we do

By growing our economy, we can benefit each and every person who lives and works within it. And by investing in our people and our communities, we can build a fairer, more inclusive city region, which works for everyone.

Boosting economic growth for the Liverpool City Region is at the heart of everything we do

By growing our economy, we can benefit each and every person who lives and works within it. And by investing in our people and our communities, we can build a fairer, more inclusive city region, which works for everyone.

Strategic
Investment Fund

Helping further transform the city region’s economy, creating high-quality jobs and boosting living standards for local people.

 

"We must ensure that everyone benefits from the prosperity that our economy produces."

Growing the Liverpool City Region Economy

Our devolution deal means that we are taking control of the important decisions that matter to our city region and can invest our money in the things that will bring the biggest benefits locally. With the simple aim of becoming a truly global city region, this means we can make the Liverpool City Region the best possible place to live, work, play and grow old.

But we are not just thinking long term. We are delivering real benefits for real people, right now.

On top of our £900 million devolution deal, the Liverpool City Region Combined Authority has secured more than half a billion pounds in additional funding from government, including:

  • £173 million in Transforming Cities Funding which we are using to modernise and improve the way we travel in and around the city region.
  • £8 million in extra funding to tackle homelessness and rough sleeping.
  • A share of £300 million to connect Liverpool to the HS2 network, which will also link in to Crossrail for the North.

The investments that we’ve already made in our first three years will deliver 9,000 jobs and 5,500 apprenticeships for local people.

Funding

Growing our own is key to achieving our goals. We know that for our economy to grow and for everyone to benefit from that growth, we need to encourage the growth of sustainable, locally rooted businesses that share the wealth that is created, for example by paying the living wage, not using zero-hour contracts, creating apprenticeships and using local labour.

We’ve introduced the Strategic Investment Fund, a £500 million fund to future-proof our communities, providing investment in the areas that matter to us, including digital, transport, skills, energy and the environment, and in our cultural industries and visitor economy.

This involves investing in things that improve the lives of everyone who lives and works in the city region, including:

  • Ultra-fast broadband for all six districts
  • New trains for our Merseyrail network
  • A new generation of Mersey Ferries

Liverpool City Region Local Enterprise Partnership

The Combined Authority works closely with the Liverpool City Region Local Enterprise Partnership to deliver the Growth Strategy for the City Region. The LEP provides strategic advice and guidance on economic development priorities while the Combined Authority brings democratic accountability and oversight for the City Region.


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