Liverpool – Economic Growth, Redevelopment & Investment Opportunities

The city of Liverpool has seen one of the biggest transformations in the UK over the last ten years. The year of 2008 was a huge one for the city, which saw it rise to prominence as the European Capital of Culture. During the time when Liverpool was the European Capital of Culture, 9.7 million additional visitors were attracted in 2008, making up 35% of all visits to the city. It also generated an economic impact of £753.8 million– the highest for any European Capital of Culture. Years of preparation went into the event and it saw Europe’s spotlight settle happily onto Liverpool.

From arts to museums, to films, since 2008, Liverpool has cemented its reputation as a cultural hub like no other. Liverpool has continued to focus its energies into the arts, with events like Liverpool Biennial, Liverpool Sound City and Liverpool International Festival of Psychedelia. The Lambanana – Liverpool’s iconic new symbol is now synonymous with the city, was introduced a decade ago and can be seen everywhere in the city now. Liverpool has hosted a range of major events, like the incredible Giants spectacular, the Labour party conference and the Three Graces. It’s reputation for world class events has contributed massively to the city’s tourist economy, with Liverpool being voted the third in the entire world for places to visit.

The city also saw the opening of the record breaking Liverpool One developmentin 2008, which involved the redevelopment of 42 acres in the city centre. The development has over 170 stores, as well as bars, restaurants, cinema and five-acre park. National stores like John Lewis, Waterstones and Debenhams provided the city with a new shopping destination status, with thousands flocking to the city’s vibrant new shopping centre. Liverpool One has established itself as one of Europe’s leading open-air shopping centres, with people from all over the country coming to Liverpool to shop.

Other areas of the city have also seen incredible transformations. The Baltic Triangle was an industrial wasteland ten years ago, with abandoned warehouses and empty lots. Now this part of the city is one of the coolest places to live in the country, with art studios, digital businesses, cutting edge cuisine and trendy bars lining the streets. New developments like One Baltic Square by RW Invest are turning the area into an amazing residential neighbourhood too, with stunning architecture inspired by the area’s history. New developments around the city have been built, completed and tenanted over the last ten years, changing the city’s skyline and welcoming new residents.

Liverpool has also changed in less tangible ways too. The city’s economy has grown, thousands of new businesses have opened, and the population has doubled over ten years. The city’s universities have grown and developed, attracting ever more students to Liverpool too. Ten years ago Liverpool was a city full of optimism about the future and now it looks like that optimism was accurate. Liverpool is very much one of the UK’s top cities, with visitors continuing to be surprised and impressed with everything the city has to offer.

 

Sponsored Post