£6m Combined Authority Funding Could Create More Than 500 Jobs
Liverpool City Region Combined Authority has agreed to provide £6 million funding, from its Single Investment Fund, for two developments that could create more than 500 jobs.
£5m was approved for a new Digital Innovation Factory on the University of Liverpool’s campus, which will serve as a centre of excellence in virtual reality.
Through collaboration between business and academia, the Digital Innovation Factory is forecast to create approximately 400 jobs over a ten-year period, while boosting the city region economy by £44.5 million.
More than £750,000 was also approved for the construction of Project Olympus – a 105,000 square feet distribution and logistics facility on a 1.6 hectare brownfield site within the Atlantic Park Business Park in Sefton.
The facility is expected to create 104 jobs and boost the economy by £39 million over a ten year period.