New report highlights huge opportunity in Liverpool

(2 minutes to read)

Good news for umbrella contractors in Liverpool this week, after a new report indicates the possibilities for job creation, economic growth and investment in the city. The report, which has been compiled by Sir Terry Leahy, former Tesco boss, and Conservative party stalwart Lord Heseltine, contains a number of key recommendations which would appear to have been approved by the Government. One of the most significant is the immediate implementation of Network Rail’s Northern Hub plan which is worth £560 million and is, according to Sir Terry and Lord Heseltine, ‘long overdue’.

The report seems to support the Government’s aim to to create a ‘culture of enterprise’, and its authors said that they firmly believe that Liverpool can ‘play a central role to delivering that vision’. Sir Terry went on to say, “There has been a great deal of change in Liverpool already, but Lord Heseltine and I wanted to identify how the strengths of the city and its surrounding areas could be built on to ensure success, and help those parts that need extra support.”

The report sets out to combine ideas that have ‘a real potential for growth’, with many local councils, local businesses and the Liverpool City Region Local Enterprise Partnership agreeing to cooperate to stimulate that growth. If the recommendations go ahead as outlined and are implemented over the next few years, umbrella contractors in engineering, construction and IT especially could certainly see significant benefit. An estimated 30,000 new jobs in the area would be generated from the Northern Hub project alone, which would also improve transport links between Yorkshire and Liverpool by enabling 700 trains a day to travel the route. That would be a capacity of 44 million passengers a year – some of them undoubtedly umbrella contractors!

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Give us a call on 01206 591 000 or email charlie.brooks@dolanaccountancy.com

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