Chancellor unveils over £39 million of new science and transport funding for Liverpool

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Chancellor unveils over £39 million of new science and transport funding for Liverpool

The Chancellor of the Exchequer, the Rt. Hon George Osborne MP, will visit Liverpool today to announce a package of measures to support the city’s science and transport infrastructure.

He will reveal that the University of Liverpool and Liverpool John Moores University have been successful in their bid to create one of four University Enterprise Zones, with £5 million match funding from government.

The £15 million facility will house and support new high tech businesses around ‘sensor technologies’. Sensors are the crucial link between technological devices and the world around them, capturing data on a whole host of areas such as temperature, humidity and pressure. They can be used in everything from home security systems to medical technology and high value manufacturing.

‘Sensor City’ will help inventions go from the lab to the factory floor even faster, and act as a shop window for foreign investment into the city’s high tech start-ups.

Later the Chancellor will also unveil a £34.4 million transport package as part of the Atlantic Gateway project, which is building greater connections between Liverpool and Manchester and aims to create 250,000 jobs by 2030.

Today he will announce;

  • A £10.4 million upgrade to the Halton Curve rail line to improve connectivity between Liverpool, Cheshire, Warrington and North Wales.
  • £5.6 million to improve access and road safety around Knowsley Industrial Park.
  • £4m of improvements to A5300 Knowsley Expressway to maximise the benefits of the New Mersey crossing and access to Liverpool Airport
  • A £14.4m upgrade of the car parking and public transport connections on the Newton-le-Willows rail interchange link to Parkside

The Chancellor of the Exchequer, said;

“Our long term economic plan is about delivering jobs and growth across all parts of Britain, and three quarters of the net new private sector jobs created since 2010 have been outside London. But there is more we need to do.

“Today I take the next step to build a Northern Powerhouse. I said we would back key infrastructure and science. Today I do that with £35 million in transport upgrades for the Atlantic Gateway and a new University Enterprise Zone in Liverpool”.

Provost Professor Stephen Holloway, who led the bid from the University of Liverpool, said;

“Creating a new space where ideas from our sensor research laboratories can be transformed into new start-ups is a very exciting prospect for both Universities and provides great opportunities for our students and staff.”

Professor Robin Leatherbarrow, the LJMU PVC (Scholarship, Research and Knowledge Transfer) who led the bid for LJMU said:

“This is a tremendous success for Liverpool and a superb example of how our two universities can work together in an area where we each have considerable complementary strengths.”

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