IoM trying to strengthen ties with Liverpool business community

Government enters into 'strategic partnership' with chamber of commerce there

Government says it's making efforts to strengthen ties with the Liverpool business community to explore new opportunities for ‘growth and development’.

The Department for Enterprise has entered into a ‘strategic partnership’ with Liverpool Chamber of Commerce.

In 2018 the Isle of Man Government signed a memorandum of understanding with Liverpool Vision.

The DfE claims this partnership has been ‘further cemented’ with the development of the £75 million ferry terminal – a project that went tens of millions of pounds over budget.  

Last week Liverpool Chamber hosted the first ‘Welcome to the IOM’ networking event.

Minister Tim Johnston said: "We believe that this collaboration underlines the strong partnership between Liverpool and the Isle of Man, economically and culturally.

"We have a lot of common interests in areas such as maritime, financial services and tourism, as well as long-standing cultural links.

"We are confident that our membership in the Liverpool Chamber will help us to showcase the strengths of our local businesses and foster new partnerships that will drive economic growth and prosperity for both the Isle of Man and Liverpool."

Paul Cherpeau, the chief executive of Liverpool Chamber, said: "The relationship between both places is of great benefit and potential.

"The business connections at firm level could be hugely beneficial to organisations amid the ever-changing economic and trading environment."