Merseyside’s Mayor Steve Rotherham has secured major investment from a pioneering US firm, which will establish a presence in the area.
Kyndryl, a market leader in IT infrastructure services, has confirmed that it will open a new hub in the Liverpool City Region. It’s thought this could generate around 1,000 new jobs.
The company itself is one of three tech giants to commit £14billion of investment into the UK economy as part of Government plans to overhaul public services and maximise on the potential of artificial intelligence. According to Downing Street, this approach has the potential to slash long term public sector spend and create more than 13,000 positions across the UK.
‘This is fantastic news for our region and a real city,testament to what we can achieve when local ambition is matched by national support to help attract international investment. I’m really glad that we’ve been able to attract Kyndryl to our area, having met with them on our trade mission to New York last year,’ said Rotherham. ‘This announcement shows how, together with Prime Minister Keir Starmer and his government, we’re delivering real, tangible change for working people across our communities.’
In order to continue growing its technology and digital economy, Liverpool City Region will launch a new Live Sciences Innovation Zone, which could produce 8,000 jobs and bring in around £800million over the next decade. November’s International AI Summit, held in the city, also showcased its capacity to embrace and nurture a thriving and ambitious technology sector.
According to an analysis by Adria Solutions, Liverpool was Britain’s fifth best city to look for work in technology last year. Merseyside lagged behind Manchester, Birmingham, Leeds and Glasgow, but ranked higher than Sheffield, Newcastle, Cardiff, Bristol and Edinburgh. The analysis took into account career opportunities, quality of life and living costs.
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