Developing Rail in the Liverpool City Region …Supporting Growth in the Sub-Regional, Regional and National Economies
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The Liverpool City Region TodayThe LCR represents an area of enterprise and opportunity. In recent times the fortunes of the LCR have turned a corner. Since the millennium Liverpool's economy has grown faster than that of the UK. The city centre has experienced a resurgence as a retail, tourism and business destination following a transformational investment programme that has delivered the redevelopment of Liverpool Waterfront, some world class conference venues including the “BT Convention Centre”, the “ECHO Arena”, the “Exhibition Centre Liverpool” and the hugely successful £1bn Liverpool One retail and leisure complex. Following the opening of Liverpool One in 2007 and the accolade of European Capital of Culture in 2008, Liverpool has harnessed this investment to successfully promote itself as an international destination and drive growth in the retail and tourism sectors. The Port of Liverpool is the largest Freeport Zone in the UK and one of Northern Europe’s top 20 container ports. It has trebled its volume of freight since 1985 and handles 5.3% of the total freight of UK ports. Two major projects totalling £1bn of capital investment have just got underway. The Mersey Gateway project (£660m) and a deep water berth at the Port of Liverpool (the ‘Liverpool 2’ project - £340m) are both strategic necessities from which further economic opportunities will emerge. In 2007 the Liverpool Cruise Terminal opened and is set to strengthen Liverpool not only as a major cruise destination (voted ‘Best UK Port of Call’ by Cruise Critic in 2013), but also as a point of embarkation, creating a new market for cruise travel serving the north of England. The SUPERPORT initiative (described below) seeks to build on these successes by capturing market share from ports in the south of England. A more resilient economy is emerging, where the successes of advanced manufacturing businesses such as Jaguar Landrover, Pilkington and Unilever are supporting around 34,000 people working in 3,000 firms in the core LCR and many more in the wider urban region. Life sciences, creative and digital industries and financial and professional services support a further 150,000 jobs. Liverpool has the highest number of listed buildings outside of London and a World Heritage Site focussed on its Waterfront. The LCR is home to the Royal Liverpool Philharmonic, the National Museums Liverpool, Liverpool and Everton football clubs, Tate North, Open Golf venues Royal Birkdale and Royal Liverpool, and Aintree Racecourse, home of the Grand National. The legacy of the Beatles attracts visitors from across the globe. Liverpool supports a vibrant and growing visitor economy worth £3.4bn per annum. Liverpool is now the UK’s 6th largest tourist destination. Economic OutlookAfter a period of decline, LCR has seen its population start to grow (since 2008) and employment has seen an upsurge since 2011. GVA and productivity are also showing early signs of improvement. Updated baseline forecasts for the region to 2030 (excluding HS2 impacts) indicate positive growth trends with rises in population by 1.5%, employment by 5%, and productivity by 55%. Growth in GVA over the same period is forecast to be above national levels (69% vs 62%). Overlaying a ‘Policy-on’ scenario1 to reflect the impacts of known major developments taking place within the LCR impacts shows significant increases to these trends (see Figures 1 to 4). Figure 1. Population of the Liverpool City Region Figure 2. Employment in the Liverpool City Region  
Figure 4. GVA of the Liverpool City Region  
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