Liverpool’s long-term strategic plan to revitalize its economy has been announced by the Liverpool Strategic Futures Advisory Panel. Chair of Liverpool City Region Mayor, Steve Rotheram, released the findings as part of a final report to support the city on its journey to improve. It’s been revealed that the panel has already secured £31 million from the government to help kickstart regeneration in the city.
Emphasizing the need for strong, unified place leadership and collaborative partnership, the panel outlined three key priorities for Liverpool’s progress over the next decade: rejuvenating regeneration efforts, reforming public services for the 21st century, and turbocharging the knowledge and innovation economy.
The first priority includes the establishment of a new Regeneration Partnership to accelerate development within the city. Liverpool aims to be the first area to launch a locally led urban development corporation (LLUDC), shaping national policy and gaining new legal powers. Developing an Accelerated Development Zone between Everton’s new stadium at Bramley Moore in North Liverpool to the Knowledge Quarter in the city centre is the third priority.
Additionally, the Liverpool City Region is set to become a public service innovation pathfinder, with the panel recommending the creation of a Liverpool City Region Combined Authority-led Office for Public Service Innovation. The city aims to test how to deliver better public services for communities and reduce social inequalities by leveraging data and community resources.
The panel highlighted the potential of the Liverpool City Region’s Innovation Zone, which has £160 million in government funding to support it. The initiative aims to bridge infrastructure gaps, support the life sciences sectors, and create high-value, high-skill employment opportunities, positioning Liverpool as a leader in global health innovation.
Mayor Rotheram said, “This report is a culmination of nearly two years of hard work and collaboration. While we engaged with people from a range of experience and backgrounds, we were united in a common mission: ensuring that the city we love has a long-term plan for success. Crucially, our work has not just focused on the city center; we wanted to come up with a plan to enable the whole of the city to succeed and accelerate growth, create jobs for local people, and get the entire city’s economy back on track.”
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