Member Article

PwC reports good news for Liverpool post recession

PwC’s 2014 Good Growth for Cities study indicates that Liverpool is heading in the right direction economically and socially.

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

The index looks at a number of issues such as jobs, health, income, skills, housing, transport and environment to assess Good Growth.

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

The PwC report showed that Liverpool has seen the fourth largest rise in income per head with Liverpool workers earnings growing from 2012-13 at 1.4 % compared to the GB rate of 0.7%.

There is more good news for Liverpool in the latest ONS (Office for National Statistics) Business Demography report.

It showed there were 2,250 business startups in Liverpool in 2013 - 48% more than the year before and ahead of the 28.6% increase nationally.

It also found that the city’s business density increased by 5.1% compared to a GB average of 3.3%.

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 are working really hard every single day to attract new firms and investors to the city, as well as growing start-up businesses and encouraging entrepreneurs.

“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.

“Despite the challenges, there’s no doubt there are still a lot of good things happening in the city and we will keep working hard to push the fact around the world that Liverpool is a great place to live, work and invest.”

This was posted in Bdaily's Members' News section by Sophia Taha .