£23m awarded to Liverpool City Region

Published on: Friday, 11-April-2014

The Liverpool City Region has today been awarded £23 million from the government’s Regional Growth Fund.

Three companies in the region will benefit from the investment, which will be used to develop the business as well as create more than 400 new jobs - Glen Dimplex Home Appliances Ltd in Prescot, Redx Pharma Ltd in Liverpool and Unilever UK Central Resources in Port Sunlight.

Glen Dimplex is planning to significantly increase its manufacturing commitment in Merseyside for brands such as Stoves, Belling and New World, as well as develop medical refrigeration applications.  The project is expected to create up to 300 jobs.

Redx Pharma will create a new pharmaceutical research and development centre for metabolic disease alongside its existing facilities for cancer.  It is expected to create 107 new jobs.  The project will focus on new therapies in areas of high need in an ageing and increasingly overweight population, such as cardiovascular disease, inflammation and diabetes.

Unilever will use the funding to grow its product design capabilities in Port Sunlight, working closely with the University of Liverpool, University of Manchester and Sci-Tech Daresbury.

Councillor Phil Davies, Chair of the Liverpool City Region Combined Authority said “This is a fantastic boost for our region.  One of our key objectives for the Liverpool City Region Combined Authority is to grow the economy and create jobs and today’s investment is a fantastic example of what can be achieved.  By working together, I am confident that we will see many more investments like these in the region which will help the Liverpool City Region grow and prosper.”