Liverpool is best known for its innovation, culture, heritage, and fantastic housing market. With so much positivity surrounding this city, we thought it was about time took a look at the figures which illustrate the areas rapidly expanding future.
Liverpool is a bustling national hub, that connects residents with both its local town centre and cities such as Manchester, Leeds, and London. Due to its importance, the city has dedicated a large portion of investment for major improvements to infastructure. The stats are as follows:
· £500m invested in state-of-the-art trains.
· £32m invested in Green Bus Routes.
· £710m injected into the region to better implement sustainable transport- including the construction of a 600km safe cycling and walking route.
· The reduction of bus fares for young adults, bringing the price down to £2.20 all-day ticket.
Housing and Population
Housing across the United Kingdom is facing a large supply and demand issue, with developers struggling to keep ahead of the expectations garnered from local government. Some of the key figures which illustrate this are:
· An increase to 1.6 million residents.
· 1,154 residents supported by Households in to Work- providing up to 12 months of support to the unemployed, aged 16 and up.
· A majority 69% of people support ‘Liveable Neighbourhoods’, a programme determined to support residents by better implementing social connection, better transportation, green space, and clean air.
· 1,000 homes have been retrofitted to better support residents during the harsher winter months, with more to follow.
· An area of social and affordable housing to be constructed in the city.
Liverpool City Region
It’s easy to forget that the city of Liverpool itself needs a well conceived development plan, just as much as the surrounding areas. For this reason alone, the local combined authority have set forth investments which will benefit both residents and the businesses found in the region:
· The region has set up public sector and private sector collaborations and investment opportunities valuing an estimated £12bn.
· A £44m Covid support fund was provided to businesses.
· Under the region’s ‘Plan for Prosperity’, the city is focused on creating 50,000 jobs by 2035.
· 30,000 adult learners have been supported, with more to follow, to better improve Liverpool’s residential regions.
· 22,000 local authority and Combined Authority staff are to be trained in Race Equality.
· Liverpool is investing in Green Trade Industries to make the region net zero carbon by 2040.
· 5% of Research and Development will be reinvested in the economy by 2030- double the national government target.
It's clear from the stats that Liverpool is looking to capitalise on the growing needs of the local community. With plans in place to service the ever-growing population, Liverpool is set to have an impressive 2023.
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