September 2023
Regional tech report:
Liverpool
Sponsored by
Produced in partnership with City Road Communications
September 2023
Regional tech report:
Liverpool
Sponsored by
Produced in partnership with City Road Communications
Contents
JUMP TO A SECTION THAT INTERESTS YOU
Contents
JUMP TO A SECTION THAT INTERESTS YOU
Steve Rotheram
Mayor of the Liverpool City Region
Foreword
One of my missions as mayor is to put the Liverpool City Region on the road to establishing itself as one of the UK’s leading digital hubs. This report is a reflection of the progress we have made to date, from the launch of LYVA Labs, our startup investment vehicle to LCR Connect, our 50% publicly owned digital infrastructure network offering the fastest speeds in the country.
In recent years, we have attracted new businesses from emerging industries like fintech, which is now worth more than £200m a year to the region’s economy. We have also built on our existing world leading strengths, infection, materials chemistry, high-performance computing, and AI.
But our journey is far from over; we are going to continue to build. I want the Liverpool City Region to develop a global reputation as a place that attracts greater investment, files more patents and develops more successful businesses than ever before.
As our digital and tech sector continues to flourish, it will play a bigger and bigger role in delivering my vision for a greener, more inclusive and more prosperous Liverpool City Region – because when local businesses flourish, the rest of our economy does too.
Introduction from our sponsors
As the wider North West region continues to thrive and expand as a key UK Technology hub, Liverpool City Region remains a driving force behind this growth and an emerging leader in key subsectors such as HealthTech and EdTech, alongside a growing FinTech community.
At Lloyds Bank, we are delighted to build on our support for the city and the region by contributing to this new report into Liverpool’s exciting Tech ecosystem alongside UKTN and the University of Liverpool.
Liverpool is a city of rich culture and collaboration across a close-knit community, and the same is true when it comes to the technology ecosystem. As investment into the UK technology sector continues to spread outside of London and into the regions, Liverpool City Region is well placed to capitalise and become a key destination for UK tech start-ups and scale-ups.
As part of our ongoing support for British businesses, we have dedicated relationship managers in Liverpool and across the North West to support businesses along their growth journey. Working together across the business and technology community in the city will be crucial to realising this exciting potential.
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Liz Delahaye, Regional development director, North West, Lloyds Bank |
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The University of Liverpool is delighted to be able to support the first UKTN Liverpool City Region (LCR) tech report. This has given us the opportunity to express how proud we are of the people and incredible work happening across the region.
The LCR is at the vanguard of technology-driven industrial solutions, combining unique expertise and world-leading assets. It is large enough to have the critical mass but compact enough to get things done – at speed. We are at the global forefront of translational R&D with distinctive world-leading capabilities in infection, materials chemistry, high-performance computing and AI solutions.
This report highlights how universities play an important role in tech ecosystems and allows us to further showcase how we are driving the knowledge economy through close collaboration with local and national government, industry and the third sector.
It is inspiring to see the new and emerging technologies that are tackling the issues we all face, making a positive impact not only within the Liverpool City Region but across the globe.
This is a very exciting time for the LCR, its businesses, communities and investors as it rapidly expands to become a truly connected, diverse and rich network that is helping to build a better world for generations to come.
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Professor Anthony Hollander, Pro-vice-chancellor for research & impact and professor of stem cell biology, University of Liverpool |
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Liverpool tech in numbers
Gross value add of Liverpool’s fintech sector to the regional economy | Source: Whitecap Consulting
Median salary for Liverpool tech sector workers, the city’s highest paying sector | Source: Liverpool City Region Combined Authority
Percentage of Tech Climber Liverpool 2023 startups that have received funding | Source: Tech Climbers
Liverpool’s rank among the best cities in the UK to launch a startup in 2022 | Source: Startups.co.uk
Additional funding granted to the Liverpool City Region Combined Authority from the government to grow the economy | Source: Liverpool City Region Combined Authority
Average annual growth rate for the Liverpool economy over the past five years, compared to London’s 1.83% | Source: Praeutra Ventures
Ecosystem overview
Immersive tech
Creative
Health tech
Medtech
Fintech
Edtech
Gaming
Baltic Ventures
Lyva Labs
Barclays Eagle Labs
Growth Platform
LCR Finance Hub
Baltic Creative
Professional Liverpool
Gather
Tech Climbers
River Capital
William Currie Group
Arete
LCR Angels
Baltic Ventures Angel Syndicate
Kindred
Lyva Labs
Seneca
NPIF / British Business Bank
FW Capital
Deepbridge
DCW Ventures
Nova Capital
Startup Grind
Slush’D
LCR Founders
Dot Net meet up
University of Liverpool
Liverpool John Moore’s University
The Studio School