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Why Liverpool is a great location for businesses
Liverpool and the surrounding Merseyside area is fast becoming a hub full of brilliant, innovative businesses. The Liverpool City Region is the UK’s second-largest regional economy and, along with neighbouring Manchester, is set to drive the continued development of the so-called ‘Northern Powerhouse’.
There are so many advantages to Liverpool as a business destination. It’s long been the host city for the International Festival for Business; it’s experienced massive regeneration in and around the docks and there’s been the emergence of a new creative quarter that has helped encourage more contemporary, service-led firms to the region.
If you’re intrigued about finding out more about what makes Liverpool such a great base for businesses to thrive, read these three compelling reasons:
The UK’s second-fastest-growing digital city
Just 12 months ago, Liverpool was named by TechCityUK as the UK’s second-fastest-growing tech cluster behind only Bournemouth and ahead of Central London. The video game development sector continues to thrive here, while there has been a 119% growth rate in digital industries as a whole, compared with 92% in Central London. Given the growth rate of digital firms in and around Liverpool and Merseyside, this should give start-ups access to a significant pool of talent, with graduates prepared to move where the work is.
Access to outstanding university talent
Speaking of graduates, Liverpool boasts two world-renowned universities in the shape of Liverpool University and Liverpool John Moores University. There’s also Liverpool Hope and Liverpool St John’s for good measure. With four universities and colleges in the city, it’s unsurprising that Liverpool attracts a lot of talented international students.
With a comparatively low cost of living and plenty of businesses moving their operations to the city, tens of thousands of graduates are sticking around in Liverpool seeking employment. This gives new and growing businesses access to an exciting pool of millennial employees.
Ideally placed for national and international business
Liverpool is well-connected to neighbouring cities in the North West like Manchester and Leeds, but it’s also just a two-and-a-half-hour rail journey to London Euston. Transport networks in and around the city are also impressive, with train, bus and even ferry routes now active for commuters.
Both the M6 and the M62 are nearby, giving Liverpool-based firms a strategic location for distributing goods nationwide and overseas. We say overseas because Liverpool’s port is still alive and kicking, while Liverpool’s John Lennon Airport is also well-served by continental and international airport hubs.
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Ready to find the ideal office space or industrial unit to take your business forward in the North West? At Pall Mall Estates we have a growing portfolio of commercial property to let in the North West of England, sitting firmly on the pulse of exciting business locations, including Liverpool.
With flexible business space in close proximity to the North West’s fantastic transport links, contact our friendly, experienced team today to discover more about the opportunities for renting commercial property in and around Merseyside.
Discuss your specific requirements today by calling 020 8108 7267 / 020 8023 9141. Alternatively, you can email us via our online enquiry form.