Innovation is central to the economic recovery and growth of the region and the last year has seen significant developments in innovation across the Liverpool City Region.
In November 2022, Stephen Rotheram, Metro Mayor of the Liverpool City Region, announced a landmark partnership and action plan with Indro Mukerjee, Chief Executive of Innovate UK, aimed at accelerating business innovation and reflecting the city region’s highly developed approach to innovation and world-leading capabilities.
Locally, we're putting our money where our mouth is too, with plans to invest 5% of GVA into R&D and plans that could create around 44,000 high-skilled, well-paid jobs for local people and add $42bn to the local economy
Liverpool City Region was one of only two places in the UK to pilot Innovate UK’s £15m Launchpad programme aimed at driving innovation beyond South East England.
Both the Launchpad pilot, which is focused on stimulating the city region’s advanced manufacturing cluster, and the establishment of this new partnership are testament to the Liverpool City Region’s highly developed innovation ecosystem, its world-leading science and research strengths and its commitment to expanding Research and Development (R&D).
On 25 May 2023, ICAEW North West and the LCR Combined Authority will host the second LCR Innovation Investment Summit, aimed at policy holders, regional stakeholders, business leaders, and advisers, and from across the private and public sectors, to consider the impact of the Launchpad pilot, and with a look to the future to consider upcoming projects across the region, and the opportunities these will bring, across investment, innovation and world-leading ideas.