Liverpool has been awarded £31m from the government’s Levelling Up fund. Liverpool Business News Daily reports that the money will be spent across three areas of the city. This includes new developments for the thriving Knowledge Quarter, which is a hub for innovation and creativity in science and technology.
13m will go towards the HEMISPHERE One project, which is a new office and laboratory building; a further £13m will go towards acquiring development sites in the knowledge quarter; and £5m will be spent on the upgrade of Great Homer Street Market in Everton.
Liverpool Council leader, Liam Robinson, said: “This investment will help to accelerate the city’s future as a world-leading science and innovation hub. This funding is also a huge vote of confidence in our vision to be one of Europe’s leading centres for research and development in the life-sciences.”
“HEMISPHERE One is going to be a fantastic asset to the city, creating much-needed lab-based jobs for decades to come. The other tranche of funding will ensure we can develop the second phase of Paddington Village and enhance the city’s overall appeal to attract further investment and more jobs.”
HEMISPHERE One will be situated near to the Spine, which is occupied by the Royal College of Physicians. The project will be a collaboration between Liverpool City Council, the University of Liverpool, Liverpool John Moores University, and Bruntwood SciTech, and is due for completion by 2027.
Great Homer Street Market to the north of the city centre attracts regular visitors to the area with a mixture of 140 indoor and outdoor stalls selling a variety of products. It will benefit from new investment to upgrade facilities.
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