Liverpool City Region Combined Authority Approves £34 million loan to Liverpool Airport
Liverpool City Region Combined Authority has approved the provision of a loan of £34million to Liverpool Airport to provide stability for the Airport during the Covid-19 recovery period.
Along with the wider aviation sector, the Covid-19 pandemic means that the Airport has experienced a material adverse effect on its business.
The Airport is a vital strategic infrastructure asset for the City Region, supporting an estimated 6,000 local jobs, providing £250m per annum in economic impact and is an important facility for City Region residents.
Metro Mayor Steve Rotheram said:
“International connectivity is essential for the local economy and the roles of international gateways such as ports, airports and cruise terminals as economic hubs and drivers for local economies and tourism need to be maximised.
“That is why it is right that today we have agreed this loan facility to provide stability for the Airport, its passengers and other users during the Covid-19 recovery period.”