A public consultation has been launched asking businesses and residents to comment on a vision to grow Liverpool’s multi-billion-pound economy over the next 15 years.
The Inclusive Economic Growth Strategy will set the framework for growth up to 2040 and the eight-week consultation, hosted by Liverpool City Council, aims to inform the development of the resulting action plan.
The vision for Liverpool 2040 is to create a strong and inclusive economy that leaves no one behind.
The strategy focuses on strengthening foundations to build a fairer, more prosperous, and sustainable city that creates opportunities for a good life for all its residents.
The draft strategy focuses on several key themes, including:
- Strengthening key sectors to drive growth, innovation, investment and productivity
Key sectors include: Health & Life Sciences, Creative and Digital industries, Advanced Manufacturing and Maritime.
- Build a vibrant, productive and resilient business base
- Ensure access to skills development, employment opportunities and career building
- Place people at the heart of growth activity and supporting aspirations and networks
Several public engagement events will be staged over the coming months to gather views from the public. People can also go online at www.liverpool.gov.uk/growthstrategyconsultation to find out more.
Liverpool currently powers a £16.7 billion economy, with over 14,000 businesses and around 230,000 people in employment.
However, significant challenges remain, including low productivity and investment, financial pressures on public services, inequality of opportunity in some communities, and health challenges.
In light of these challenges, the Council, which recently submitted a New Town bid to Government to regenerate a huge part of North Liverpool, is committed to supporting businesses and residents. Delivering an inclusive economy is a core pillar for Liverpool’s new Strategic Partnership plan for 2040, which is to be launched in late April.
This draft inclusive growth strategy will also complement other key aims such as the city’s Net Zero commitment, the actions outlined in the 2040 Health of the City report as well as the Council’s Local Plan, Housing Plan and Transport Plan.
To further underline the Council’s commitment, since June 2023, its Business Support Service has provided advice and guidance to over 1,000 Liverpool businesses and supported 300+ residents with direct advice on starting up a new business.
The Adult Learning and Skills team has also supported over 4,500 residents to develop essential workplace skills, and the Ways to Work team has supported 1,708 economically inactive and unemployed residents with employment and skills services.
Photo credit: iStock
