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Liverpool City Region unveils multi-billion pound innovation plan to deliver UK’s science superpower ambition
The city region is aiming to invest 5% of its economy on Research and Development (R&D) by 2030 – nearly double the government’s UK target.
Achieving this would add an estimated £41.7bn to the city region’s economy and create 44,000 jobs.
Launched at an event in Parliament today, a new Innovation Prospectus details how the city region’s world-leading expertise in infection control, materials chemistry and artificial intelligence would be a launchpad for future discoveries and investment.
With net-zero projects such as Mersey Tidal Power and hydrogen energy factored in, the city region has more than £12bn of innovation projects primed for investment.
Steve Rotheram, Mayor of the Liverpool City Region, said:
Leaders point to the city region’s recent innovation record as evidence it can deliver regional and national ambitions, but it needs partnership and sustained, large-scale investment from government and private sources.
In the five years before the pandemic, the city region attracted £2bn of innovation investment and currently has a further £1bn of projects underway. The UK’s first regional Innovation Board, a series of ground-breaking support schemes, and unique partnerships between industry and researchers have enabled innovation to thrive.
Dr Jon Hague, Liverpool City Region Innovation Board Chair and Vice President Science and Technology, Unilever Homecare, said:
With a £3bn pipeline of innovation projects, the Liverpool City Region is perfectly placed to help the UK government achieve its goal. The level of investment being sought increases to more than £12bn with the addition of HyNet and the Mersey Tidal Power project that, through generating clean energy, would help the city region hit its net zero goals while providing the UK with greater energy security.
From creating robot chemists to transforming patient care at the innovation ‘bat-cave’ under Alder Hey Children’s Hospital, the city region boasts a long list of eye-catching innovation projects that are already changing lives and helping tackle the climate emergency.
These include:
As well as these success stories, the Innovation Prospectus also highlights projects in development and future investment opportunities.
In addition, the new Freeport offers further large-scale investment opportunities in the city region.
Liverpool City Region is also the first and only UK location to produce a dedicated Innovation Skills training plan.
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