The new Exhibition Centre Liverpool development could leave a long term skills and training legacy that will boost the prosperity of the city for years to come.
That is the opinion of site contractor ISG who have calculated that once the project is completed it could be worth £169 million to the regional economy. Research carried out by the company shows that not only will the development deliver a significant financial boost but it has also had a positive impact on regional subcontractors who have been involved on the site.
To date 2,600 skilled local site operatives have worked on the completion of the state-of-the art conference and exhibition venue which also includes the Pullman Hotel Complex.
ISG’s research shows that 76 percent of workers on the development reside within the North West and over 50 percent live in the Liverpool City Centre area itself.
The project commenced in early 2014 and ISG are beginning to get ready to hand over the site along with what they hope will be a positive legacy. Research conducted by the the UK Contractor’s Group showed a multiplier effect that is achieved through construction work. According to the research for each £1 spent on construction projects £2.84 in gained in economic activity with around 90 percent of this additional revenue staying in the local area.