SCIONTEC AND KNOWLEDGE QUARTER CEO WELCOMES BUDGET ANNOUNCEMENT AT MIPIM 2023
Speaking at MIPIM as part of the Liverpool City Region Delegation, following today’s Spring 2023 Budget, Colin Sinclair, CEO of Knowledge Quarter Liverpool (KQ Liverpool), welcomed the news that the Chancellor has pledged to create 12 investment zones, including Liverpool City Region Mayoral Combined Authority, to ‘drive business investment and level up’ the country.
Each investment zone will be backed by £80m of government funding to boost business investment and accelerate R&D to supercharge growth across the UK. The new investment zones will be clustered around existing research institutions and focused on driving growth in the UK’s most budding sectors including green business, technology, life sciences, advanced manufacturing and the creative industries.
At MIPIM, during the launch of HEMISPHERE on Paddington Village, Colin said:
“This is welcome news for the City Region and the Knowledge Quarter Liverpool Innovation District (KQ Liverpool). We very much hope that the new investment zones will be pivotal to raising aspirations, accelerating R&D and driving inclusive growth, creating skilled jobs for the people of the City, the Region and beyond.
“In KQ Liverpool, and at nearby Daresbury, Liverpool City Region has world-leading clusters in health and life sciences, (including infection prevention and treatment, civic data and mental health), materials chemistry and advanced manufacturing technologies. The funding and powers that investment zones could bring would give the opportunity to better leverage these existing strengths to supercharge economic growth across the City Region.”