• Economy

New report reveals £36m cultural boost to Liverpool economy

Liverpool’s 2017 cultural programme boosted the city’s economy by £36.4 million – attracting over 1m visitors, according to a new study.

The end of year report examined the impact of major events such as Sgt Pepper at 50, River of Light and the Liverpool International Music Festival (LIMF).

Highlights of the study, which will be presented to Liverpool City Council’s culture and tourism select committee in January, include:

  • 140,000 people attended the 13 Sgt Pepper at 50 events – generating nearly £781,000.
  • More than 320,000 people attended the joint Armed Forces Day/Mersey River Festival from 24-25 June.
  • 110,000-strong crowd (in both Liverpool and Wirral) for the River of Light event – weekend brought in around £7.7m to the city.
  • 100,000 music fans attended the Summer Jam element of LIMF at Sefton Park in South Liverpool.
  • For every £1 invested in the cultural sector, £10 is brought back into the city.

The report also shows that Liverpool Cruise Terminal welcomed more than 100,000 passengers and crew in 2017 – creating an economic impact of £7m.

Meanwhile, Liverpool Film Office has recorded its most successful year to date with 1,352 film days generating around £11.1m of inward investment.

Production highlights include ‘Tolkien’ starring Nicholas Hoult, the return of ‘Peaky Blinders’ and ITV’s ‘Timewasters’.

Councillor Wendy Simon, assistant mayor and cabinet member for culture, tourism and events, says: “This has been a stellar year for culture in the city and I’m hugely proud of the quality and diversity of the 2017 offer.

“It has been one of our busiest years since 2008 and I know some of the events will live-long in thousands of people’s memories – whether it was the incredible firework spectacular at Camp Hill as part of Lucy in the Sky with Diamonds, seeing those beautiful Clipper vessels line the River Mersey or standing in the beautiful surroundings of Sefton Park singing along to some of the best live music around.

“This report puts us in good stead as we look ahead to 2018 when we celebrate the city’s already thriving cultural scene, and also throw a few brand new events in for good measure!”

About Author: Lawrence Saunders

Lawrence is a journalist at Move Publishing. He can be contacted via email at lawrence@movepublishing.co.uk or by phone on 0151 709 3871.