Rail upgrades could ‘boost Liverpool City Region by £15bn’

Rail upgrades could ‘boost Liverpool City Region by £15bn’

Faster and better connected rail links could boost the Liverpool City Region economy by £15bn, according to a new report.

Connecting Liverpool to both new north-south and east-west rail infrastructure could create a huge £15bn boost to the Liverpool City Region economy, according to new research commissioned by the Liverpool City Region Combined Authority.

The independent economic figures have been released on the same day as HS2 Ltd publishes ‘Changing Britain’, a report produced in collaboration with city region leaders, which outlines how HS2 is essential to plans for economic growth for the city region and across the north.

The research also highlights how the planned developments could also lead to the creation of 20,000 new jobs along with 10,000 new homes and an extra 2.9 million more visitors a year.

Crucially, the report also recognises the additional potential benefits of integrating HS2 plans with new east-west Northern Powerhouse Rail infrastructure being planned through northern transport body Transport for the North.

Mayor of Liverpool, Joe Anderson, said: “Joining Liverpool to HS2 via Northern Powerhouse Rail is vital for our future prosperity and we strongly welcome that this HS2 report recognises the importance of this to Liverpool City Region.

“Our independent economic evidence today puts the economic benefit at over £15bn for our region.

“It would be a huge boost to our economy that would benefit every family in every part of Liverpool City Region with the 20,000 new jobs, 10,000 new homes and 2.9 million extra visitors that come with it.

“That’s why we are pushing hard with HS2, Transport for the North and partners across the north to make sure that we get the commitment to deliver the full connectivity we need.”

 

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