Osborne’s £34m boost for transport and universities

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GEORGE Osborne will announce £34m for North West rail and road projects today, along with an enterprise zone for Liverpool’s universities which will focus on sensor technologies, the Business Desk reports.

Liverpool University and John Moores are to receive £5m towards a £15m facility for hi-tech companies specialising in sensor technologies. The other university enterprise zones are in Bradford, Nottingham and Bristol. University enterprise zones offer specialist business space rather than the discounted business rates available in other zones.

The transport package is being presented as part of the Atlantic Gateway project, an initiative which is seeking to create 250,000 jobs in a ribbon of development between Manchester and Liverpool by 2030.

Provost professor Stephen Holloway, who led the bid from the University of Liverpool, said: “Creating a new space where ideas from our sensor research laboratories can be transformed into new start-ups is a very exciting prospect for both Universities and provides great opportunities for our students and staff.”

 

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