International Festival for Business 2016 could offer jobs bonanza for Mersey firms

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Liverpool city region firms could benefit from a jobs and investment bonanza if they get involved in next year’s International Festival for Business (IFB).

 

The call to sign up comes as it is revealed that last year’s festival generated thousands more jobs and millions of pounds more in investment for the local and UK economy than originally thought.

 

Addressing an audience of business leaders at the ECHO Arena in Liverpool last night, IFB 2016 chair Max Steinberg said the six-week IFB 2014 will lead to the creation of 8,000 new jobs over the next two years – 2,000 more than originally forecast.

 

Initial projections also said that 150 companies had secured investment of around £200m – this has now been upped to 200 companies attracting £250m.

 

Mr Steinberg also said that the first estimate of 600 firms securing £80m of export sales had now been increased to 750 businesses generating £100m in overseas orders.

 

He added that more than 50% of the jobs, sales and investment listed above would benefit the Liverpool city region or the wider North West.

 

“This is the effect IFB 2014 continues to have on the UK economy,” Mr Steinberg told the audience.

 

“This new one-year evaluation has been endorsed by the Government and they have expressed their delight today at this news, particularly with export week coming up in November.

 

“It proves that IFB was a fantastic benefit to the local economy and its impact nationally is also impressive with deals being done in virtually every region of the UK.”

 

IFB 2014 took place over seven weeks during the summer of 2014 and comprised more than 400 events. IFB 2016, taking place in June and July next year, will comprise just 75 events over three weeks.

 

Also speaking at last night’s event was Jude Kelly, the Liverpool-born creative director of IFB 2014 and one of the leading lights in the UK’s arts and culture world.

 

She said: “Liverpool is a city blessed with ambition, wit and enterprise. It’s spirit is indomitable.”


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