Liverpool City Region has unveiled a multi-billion pound plan to supercharge its innovation powerhouse credentials.
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 on 25 April 2022, a new Innovation Prospectus – featuring the Hartree Centre – details how the city region’s world-leading expertise in infection control, materials chemistry and artificial intelligence can be a launchpad for future discoveries and investment.
Steve Rotheram, Mayor of the Liverpool City Region, said:
“For as long as we have existed, people and businesses from the Liverpool City Region have been inspiring and changing the world. It’s fair to say that innovation is in our DNA.
“But I don’t want us just to dine out on our past. I am determined to make our region the country’s innovation engine and to make that happen, we will be investing 5% of our GVA in research and development over the next few years – nearly double the government’s national targets.
“I want to take advantage of our strengths – and potential – and turn them into profitable businesses, creating better, greener jobs and bringing greater prosperity to local people.”