fbpx

Liverpool a city of growth and for Start Ups

growth LiverpoolA new report shows Liverpool is one of the top five performing cities for good growth in the post-recession period from 2011-2013.

PwC’s 2014 Good Growth for Cities study indicates the city is heading in the right direction economically and socially from jobs, health, income, skills, housing and transport to environment.

The data supports the Centre for Cities Monitor 2014 published earlier this year, which found Liverpool had the fifth highest level of private sector jobs growth between 2010 and 2012.

The PwC study also shows that:

– Liverpool had 4th largest rise in income per head – earnings up 40.4% from 2002-2014 compared to national average of 33.6 %.

– Liverpool is 2nd most improved city for private/public sector balance – Private sector jobs now account for 74.1 percent of Liverpool’s total, up from 70.3 percent in 2009.

Mayor of Liverpool, Joe Anderson, said: “This is welcome news and shows that our mantra of Liverpool being open for business is starting to pay off.

‘’We need to create the most business-friendly city in the UK, so that our city can be sustainable financially, and we can continue to provide services the people of Liverpool, despite the massive cuts in Government funding.’’

Liverpool has also had a boost in business, making it into the top 25 of a national league table for business start-ups.

Figures from the Centre of Entrepreneurs think tank show 6,032 new Liverpool businesses registered with Companies House in 2014.

This 9.3% rise places Liverpool at 18th on the league table a vast improvement on 2013.

Bold Street alone has seen business thrive with a number of companies such as Maray, Mowgli and Nook and Cranny relocating to the area in the past 12 months.

Across the UK a record number of 581,173 new registrations were made with Companies House.
Liverpool’s shift up the table is promising as in previous years the city was seen falling behind.

Along with this news, data from the Office for National Statistics also suggests there has been a 6% drop in the number of business failures over the last year.

With the number of firms dropping out of the Companies House register falling from 253,000 to 238,000.

The annual figures come directly from StartUp Britain’s StartUp tracker.

The StartUp Britain campaign is backed by Government but operates as a private sector-supported venture.

 

 

2018-01-30T11:37:49+01:00January 5th, 2015|