LIVERPOOL CITY REGION - INVESTMENT GUIDE 2022 - Flickread
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LIVERPOOL CITY REGION INVESTMENT GUIDE 2022
LIVERPOOL CITY REGION
I N N U M B E R S
Liverpool
CUMBRIA
LANCASHIRE
SEFTON
City Region ST HELENS
KN
OW
LIVERPOOL
SLE
Y
GREATER
MANCHESTER
BUSINESSES BY STAFF WIRRAL
MICRO (0 TO 9 STAFF) 44,235
HALTON
SMALL (10 TO 49 STAFF) 7,520
CHESHIRE
MEDIUM-SIZED (50 TO 249 STAFF) 1,760
LARGE (250+ STAFF) 290 POPULATION (2020)
TOTAL 53,810 1,564,015
Source ONS Source ONS
TOP COMPANIES
COMPANY LOCATION TURNOVER £M PRE-TAX PROFIT £M EMPLOYEES YEAR END
1 B&M RETAIL LIVERPOOL 4,085.0 531.9 3,378 MAR 21
2 INEOS QUATTRO RUNCORN 3,553.7 259.4 3,542 DEC 20
3 TJ MORRIS LIVERPOOL 2,791.5 262.8 25,279 JUN 20
4 VERY LIVERPOOL 2,317.1 81.7 3,075 JUN 21
5 PRINCES LIVERPOOL 1,558.6 45.3 6,779 MAR 21
6 PHOENIX HEALTHCARE DISTRIBUTION RUNCORN 1,319.3 15.5 1,636 JAN 21
7 BIBBY LINE LIVERPOOL 832.5 (26.6) 3,506 DEC 20
8 MATALAN RETAIL LIVERPOOL 744.1 (127.6) 11,558 FEB 21
9 SMURFIT KAPPA UK LIVERPOOL 682.1 61.4 3,753 DEC 20
10 JAMES HALL SOUTHPORT 608.1 8.4 3,372 MAR 20
Source Insider research, Experian MIQ 2022
GROSS VALUE ADDED BY INDUSTRY (£m) OFFICE MARKET*
5000 CITY CENTRE HEADLINE RENT £22 PER SQ FT
Manufacturing 0.0% OUT OF TOWN HEADLINE RENT £14 PER SQ FT
UNDER CONSTRUCTION 0 SQ FT
4000
4%
Real estate activities 14.
PRIME YIELD 6%
*As of Q4 2021 Source Avison Young
de;
3000 Wholesale and retail stra26.4%
repair of mo tor veh icle
HE STUDENT ENROLMENTS by HE provider
Construction 38.8%
THE UNIVERSITY OF LIVERPOOL 29,600
2000
LIVERPOOL JOHN MOORES UNIVERSITY 25,050
nication 64.3%
Information and commu EDGE HILL UNIVERSITY 13,560
LIVERPOOL HOPE UNIVERSITY 4,985
1000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 THE LIVERPOOL INSTITUTE FOR PERFORMING ARTS 885
Source ONS Source HESA
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LIVERPOOL CITY REGION
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Innovation powerhouse
Businesses in the digital sector are set to benefit from
the expansion of the Sci-Tech Daresbury campus
With a target of creating 1,000 high-value
jobs in the next decade, a new cluster of
digital businesses is emerging at Sci-Tech
Daresbury. It is managed by the Science
and Technology Facilities Council (STFC),
the body which works in partnership
with universities, research organisations,
businesses, charities, and government to
create environments that enable research
and innovation to flourish.
The cluster has plans to grow a critical
mass of 100 digital tech companies at
Sci-Tech Daresbury and a wider network Immersive tech at
of 300 companies over the next ten Sci-Tech Daresbury
years. It will draw on the strengths and
assets of Daresbury, such as the Hartree “As a technology This will be a key component of the UK’s
National Centre for Digital Innovation startup business, advancement in the development and
(HNCDI), a collaboration with strategic we were drawn to the industrial application of key technologies
partner IBM Research, to support such as data analytics, artificial intelligence
region due to the facilities
startups and scale-ups make the most of (AI) and quantum computing.
and networking
the opportunities in the region. The Digital Tech Cluster’s development
opportunities.”
Separately, HNCDI announced £172m manager is James Bedford, who was
funding from the government with an Niamh Allen, previously the head of investment strategy
in-kind contribution of £38m from IBM. IoT Horizon at Tech North. Bedford says the Digital
Tech Cluster will build on the success of
existing clusters in health, energy
and space at STFC’s Harwell Science and
Innovation Campus and Sci-Tech
Daresbury. To establish the foundations of
the cluster, Bedford says STFC consulted
tech founders to understand their needs.
The main themes were accessing business
support; skills, recruitment and retention;
finding the first customers and securing
investment.
Hartree Centre As part of the cluster, Bedford is
planning to deliver workshops focused
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Sci-Tech Daresbury’s connection is IoT
Horizon, a digital transformation
specialist. Niamh Allen, sales and marketing
director, says: “In the last 12 months and
with support from the Growth Platform,
IoT Horizon has accelerated sales growth
by 75 per cent. As a technology startup
business, we were drawn to the region
due to the facilities and networking
opportunities.”
Allen says that since setting up in the
region, the business has secured Future
Innovation Funding to build a solution
that monitors the safety and integrity of
James Bedford building materials and increased its staff
number by 57 per cent.
on intellectual property (IP), finance, Expanding the campus John Downes, chief executive of property
investment, understanding the value in a Sci-Tech Daresbury’s position as a national company Langtree and chairman of
business and entering new markets. He science and innovation campus at the Sci-Tech Daresbury, says: “During 2021,
says: “These are things that affect people forefront of the UK’s flourishing science we saw strong demand that was driven
on day one of a business but also on day and technology sector was further not just by new arrivals to the site but also
one thousand.” He gives the example bolstered at the end of 2021 following the by our ‘home for life’ ethos that supports
of an investment-readiness workshop. confirmation of planning approval for existing tenants scaling up.
There will be a session for those looking Ultraviolet, the next phase of development. “Our development programme for
to raise their first round of funding, as well Ultraviolet comprises a further Sci-Tech Daresbury is underpinned by our
as those going for their second or third 180,000 sq ft of grade-A office and strong belief that in order to compete in
round. There will also be sessions for laboratory space, and will be located next global markets we must ensure we have
those looking for investors interested in IP to Project Violet, a £17.8m three-building the right facilities and environment that
– “that makes it hyper-relevant”, he adds. speculative office development which supports the growth of science and
As well as attracting businesses to finishes construction this spring. Among technology focused businesses and
Sci-Tech Daresbury, Bedford says there the companies already benefiting from inspires collaboration and innovation.”
are plans to collaborate with Halton
Borough Council on programmes for
local businesses.
Another burgeoning community at
Sci-Tech Daresbury is the Space Cluster,
which received a boost through UK
SpaceAgency funding in February.
To establish the North West of England
Space Cluster, STFC’s Daresbury
laboratory secured £61,000 and plans
to launch later this year. Overall, the
global space economy is projected to
grow from an estimated £270bn in 2019 A plot has been earmarked for the development of Ultraviolet
to £490bn by 2030.
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LIVERPOOL CITY REGION
P I O N E E R S
Packaging up
opportunities
Plans are progressing for the creation of new innovative centres of excellence
Work has begun on the £54m Glass UKRI grant to support the installation of City Region Combined Authority and
Futures development in St Helens. The a globally unique, experimental furnace UKRI (UK Research & Innovation).
project, which broke ground in February and infrastructure, capable of melting Another project looking to solve
2022, sees the creation of the world’s first 30 tonnes of glass per day. Glass sector big problems around packaging is the
openly accessible test and trial furnace companies will also contribute a further proposed National Packaging Innovation
facility, which will be used to deliver industry £20m in resource, time and equipment to Centre (NPIC). Supported by £110,000
and government-backed research and support the project. of pre-development funding, NPIC
development (R&D) projects focused on The 165,000 sq ft facility is expected could help to make the UK a world leader
decarbonising glass production, and also to complete in January 2023, in sustainable packaging and play
providing a platform for industry to trial ready for fit-out. It is being delivered by a significant role in helping to meet the
their own ideas on a state-of-the-art line, Network Space Developments which region’s environmental targets.
both collaboratively and individually. is managing the project on behalf of The initial funding is an important first
The project was awarded a £9m grant a partnership including not-for-profit step towards the creation of a £60m
from the Liverpool City Region research organisation Glass Futures, national centre that could put the UK at
Combined Authority and secured a £15m St Helens Borough Council, the Liverpool the forefront of the global £1trn packaging
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LIVERPOOL CITY REGION
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market and create more than 2,000
R&D jobs across the wider supply chain.
The project sponsor and operator
is CPI (Centre for Process Innovation),
which operates similar centres across the
North East and Scotland.
NPIC’s aspiration is to create an inter-
nationally significant innovation centre
to provide access to industrially relevant
capabilities and expertise for packaging
innovation, development and demonstration;
facilitate collaboration across current and
future packaging supply and value chains;
and catalyse an ecosystem for growth Centre for Process Innovation
and productivity through disruptiveand
market-creating innovation. global consumer products R&D centre being at IVV Fraunhofer in
Activity at NPIC would focus on headquarters, with the largest cluster of Germany. The project has estimated
cross-industry ‘grand challenges’ that are packaging engineers in the UK. outputs of £663m GVA for the Liverpool
too great in magnitude for a single stake- Allied with this, the region’s universities city region (£767m UK) and 2,000 jobs
holder to address. Stakeholders include possess expertise in materials science, across the wider supply chain by 2041.
private sector producers of packaging, including an existing partnership with Damian Mohammed leads on North
academia and public sector innovation Unilever in the Materials Innovation West strategic partnerships at the CPI
bodies such as UKRI and Innovate UK. Factory, and packaging supply chain and also sits on the Liverpool Enterprise
Part of the strategic rationale for NPIC’s partners are located across the region. Partnership’s health and life sciences
location in the Liverpool city region is the The final project could be internationally sub-board. He says: “The obvious thing
presence of founding partner Unilever’s significant, with the only comparable when you talk about packaging innovation
is about removing plastics and replacing
them with alternatives. But it’s not just
From innovation to invoice what the product looks and feels like and
Metro mayor Steve Rotheram has a vision for Liverpool city region to become doesn't degrade, it’s how can you make
an innovation powerhouse. He’s backed the creation of LCR Ventures, that process more efficient.”
a new company to help innovators turn their ideas into high-growth businesses Mohammed says a decision has not
and good-quality jobs. yet been made as to where the centre
LCR Ventures is due to launch LYVA Labs in the spring of 2022 to create will be. It may locate at Port Sunlight with
100 jobs. The initial £7.5m investment from the Liverpool Combined Authority Unilever or close to Glass Futures in
will provide startup funding and commercial advice to help clinicians, academics St Helens to make the most of the supply
and entrepreneurs in the health and life sciences sectors. Funding packages of chain and clustering potential. He says
between £25,000 and £250,000 will be invested with innovators to develop Liverpool city region having freeport
prototypes, apply for R&D grants, shape their business plans and secure further funding. status is another very attractive factor.
Lorna Green, chief executive at LCR Ventures, says: “We are excited that LYVA In order to make NPIC a reality, the
Labs will soon launch to support the vibrant health and life science innovation centre will need significant funding
community that exists in the Liverpool city region. The idea originally came from from central government, in the order of
the need to incubate and support clinical innovators in the NHS, but our ambitions £20m, with further funding needed
stretch beyond that. We are working to roll the model into other sectors.” from the Combined Authority and the
private sector.
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LIVERPOOL CITY REGION
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Liverpool Waters CGI
The power of place
The Liverpool city region is home to some of the UK’s largest-scale
and most ambitious regeneration projects
Wirral Waters is understood to be the the wider masterplan. Working with Peel Wirral Waters was designated Enterprise
UK’s largest urban regeneration project. L&P and Wirral Council, PIC is the sole Zone status in 2011 and has been supported
It is where Peel L&P is progressing a investor for the development of a build- by Homes England.
30-year strategy to transform a 500-acre to-rent scheme comprising 500 one and The build-to-rent development will use
brownfield site and former dockland into two-bed apartments, with an affordable a long-term regeneration lease
a thriving new community. housing component of 100 homes. structure providing funding for Wirral
In January 2022, Pension Insurance The project will transform the brownfield Council which would not have been
Corporation (PIC), a specialist site into a sustainable location for local available from traditional structures, at the
insurer of defined benefit pension funds, and international businesses, creating same time generating secure long-term
announced that it had completed a more than 20,000 permanent jobs for the income for PIC. Elsewhere on the site,
£130m investment in Wirral Waters One, Liverpool city region, as well as offering this spring will see Peel submit a planning
the cornerstone residential scheme within a breadth of new housing opportunities. application for the Maritime Knowledge
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LIVERPOOL CITY REGION
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Wirral Growth Company’s Birkenhead
transformation gets the green light
Building better
Among the latest schemes to be
endorsed by Liverpool Council is
Hemisphere, a £35m, 116,000 sq ft
building, delivering grade-A space
for health, education, science and
tech occupiers. The eco-friendly
building will be delivered by Sciontec.
Hemisphere, along with other key
developments such as Festival
Gardens, The Depot studios and
Littlewoods Film Studios, forms part
of Liverpool’s post-pandemic pledge
to stimulate economic growth.
More innovation-led development Hub to transform the 19th century Hydraulic grade-A office buildings in Birkenhead
is in the pipeline. The Infection Tower into a centre for excellence for the town centre. Totalling 150,000 sq ft, the
Innovation Consortium (iiCON) and maritime sector. BREEAM Excellent-rated office buildings
Liverpool School of Tropical Medicine In March, the first 30 of 350 modular have been forward-funded by institutional
(LSTM) secured a £500,000 homes will complete at East Float in investor Canada Life Asset Management
grant from the Wolfson Foundation partnership with Urban Splash, with and are due for completion in autumn
in January that will support the planning for the second phase due in 2023, with Morgan Sindall Construction
development of state-of-the-art the summer. Later on this year, work will named as the contractor.
Containment Level 3 laboratories start on-site at Egerton Village, providing One of the two five-storey office
at LSTM. The new facilities will use amenities to residents, students and developments will be occupied
next-generation artificial intelligence workers around the Four Bridges and by Wirral Council, with the other available
and robotics for research and devel- Northbank East areas. Meanwhile, by for businesses to lease. Wirral Growth
opment of new products, treatments, the end of 2022, construction will start at Company is a 50:50 joint venture
and diagnostics for infectious diseases MEA Park to create a centre for manu- partnership between Wirral Council and
that pose a global threat to human facturing, logistics, R&D and large-scale national urban regeneration specialist,
health. The new labs are expected to assembly and modular construction. Muse Developments.
be operational by early 2023. Also on the Wirral, construction has Across the Mersey, work is ongoing at
begun on Wirral Growth Company’s two Liverpool Waters, where Peel is intending
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LIVERPOOL CITY REGION
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Wirral Waters and Four Bridges
Neighbourhood
eagerly awaited Shakespeare North
Playhouse due to open later this year. Joining up the dots
Another project due to start on-site is “LCR Connect is a £30m project to
Capital & Centric’s transformation build a 212km full fibre core network
of the former Littlewoods buildings into designed to underpin the Liverpool
a world-class destination for film city region’s economic growth.
and TV. With funding secured at the end This Gigabit-capable infrastructure
of 2021, initial remediation work will will play a significant role in driving
begin on site in 2022. inward investment, helping to attract
In St Helens, the council has approved major new companies, industries
draft plans for St Helens and Earlestown and jobs, generating an estimated
town centre transformation. In February, £1bn for the region’s local economy.
St Helens Council’s cabinet approved the “It is an open-access wholesale
to submit a planning application for final plans for the two town centres. The network, meaning businesses have
infrastructure works at Central Docks, English Cities Fund (ECF), a joint venture a choice of service provider
the second of five neighbourhoods to between Muse Developments, Legal across many sector specialists.
be created at the famous Liverpool & General and Homes England, is the More than 200 approved partners
waterfront by the summer. Central Docks council’s delivery partner. offer access to a wide portfolio
will create 3,800 new homes, around Both town centres are the subject of of services including ultrafast
1.8 million sq ft of offices, 270,000 sq ft of separate masterplan development broadband and cloud services.
leisure and entertainment spaces frameworks, which set out multimillion- “Although vital, this network is
and a five-acre public park. pound visions and principles for each. about more than just broadband and
On the leisure side, the early The plans include provision for parking will encompass wider policies on
summer should see super-structure provision in St Helens town centre housing, transport, skills and energy.
work start at Everton Football that will cater for shoppers and night-time Businesses can register their interest
Club’s new 52,888-seater stadium at visitors alike, an “international hotel at LCRconnect.com.”
Bramley-Moore Dock. While the brand”, office space and new homes. — Dave Hudson, business
Isle of Man Ferry Terminal is due to At Earlstown, the developers will work development director at ITS
complete in 2023. closely with traders on the right type Technology Group, a joint-venture
In Knowsley, Prescot has undergone of weather-proof market space for the partner of LCR Connect
something of a renaissance with the historic Earlestown Market.
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LIVERPOOL CITY REGION
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“Turbo-charging Britain’s
post-Brexit growth”
Liverpool is gearing up to submit its full business case for an LCR Freeport
Liverpool, as the country’s biggest rate relief, and local retention of business
western-facing port, is a natural freeport rates for local authorities hosting The vision
location. It was selected by the the tax zones. In particular, there is an l Increased trade through the Port
Chancellor in his March 2021 Budget, emphasis through the tax zones on of Liverpool and other city region
as one of eight places across England to encouraging and supporting businesses gateways, improving efficiency
be granted Freeport status. that import, process, manufacture and of flows and driving employment
The LCR Freeport will be a multi-gateway, re-export goods. growth.
multi-modal freeport covering 300 John Lucy, Liverpool City Region l A globally significant cluster of
hectares of land. This will include three Freeport director, says England’s eight maritime, manufacturing, logistics
tax sites and strategically located customs freeports are going to be the new hubs and innovation activity.
zones across all modes of transport, of business and enterprise which will l A central platform to attract
linking to the primary customs zone at the create thousands of jobs. He says: inward investment .
Port of Liverpool. It will take stretch “Liverpool City Region Freeport will be a l Regeneration in areas of depriva-
from the western point at Wirral Waters designated area covering 45km, centred tionand sustainable job creation.
to the eastern point of Port Salford. on a mix of infrastructure including the l A significant contribution in
Imports can enter freeport customs deep-water container terminal at the Port rebalancing UK freight and logistics
zones with simplified customs procedures of Liverpool, multiple rail heads, other activities to the North West.
and do not have payable tariffs. Freeport water-based access, and the airport.” l Improved links to national,
tax zones – at Parkside, St Helens; 3MG, Lucy says the freeport will target regional and city regional
Widnes; and Wirral Waters – will benefit automotive, biomanufacturing and infrastructure assets.
from a range of special regulatory and tax pharmaceuticals and maritime. The full l Support and enable Liverpool
benefits. These include enhanced capital business case will be submitted mid-April. City Region’s net-zero strategies
allowances, stamp duty and other buildings Seed funding will be granted on completion to improve air quality around the
and land reliefs, employer national of successful submissions and expected region.
insurance contributions relief, business to be available to freeports mid-year.
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