UK CITIES RECOVERY INDEX

Liverpool

Updated: 16th February

UK CITIES RECOVERY INDEX

Index + DART for Liverpool

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Overview

Reductions in restrictions across England have spurred the recovery in activity in Liverpool. The Overall city index now stands at 86.75 – a decrease from the October figures which stood at 96.76– following a gradual increase after the 19th of July.

UK CITIES RECOVERY INDEX

Sector Indices + DART for Liverpool

Liverpool Sector Indices

Commercial Activity

  • The Commercial Activity Sector Index has dropped off slightly over the past few weeks to now sit at 89.55 on February 7th.

Hotel & Leisure

  • Following the resumption of indoor hospitality service on 17th May, the Hotels & Leisure Sector Indices for Liverpool rebounded significantly.
  • More recently, the Sector Index has subsided down from an initial summer boom, with an increase in the last few weeks to now sit at 84.42 on February 7th.

Mobility

  • In Q2 2021, the Mobility Sector Index in Liverpool experienced its strongest growth since the release of the second English lockdown in early December following the relaxation of some restrictions.
  • Over the past weeks, the Sector Index has tracked lower, reading 116.92 on February 7th, which is approximately 40% higher than the figure recorded on 7th January which was the highest of the recovery thus far.

Residential

  • The Residential Sector Index experienced a turbulent increase in June to reach 132.23 as new and existing EPC registrations remain high, suggesting a solid level of activity in the market.
  • The Sector Index has now fallen and sits at 99.73 on February 7th.

Retail

  • The Retail Sector Index for Liverpool has decreased in the past month to now reads 80.46 on February 7th.

Return To Office

  • The Return to Office Sector Index for Liverpool read 55.82 on February 7th. Although the government guidance to work from home where possible has now been lifted, the Sector Index continues to lag behind the other sector indices.

UK CITIES RECOVERY INDEX

National Sector Indices + DART for Liverpool

A VIEW FROM LIVERPOOL

Stephen Cowperthwaite

Managing Director

“Beatles, waterfront, football - these three words represent the wider cultural, heritage and sport offer that, allied to its popularity as a retail and leisure destination, has enabled Liverpool to build upon its success as 2008 European Capital of Culture to become one of the continent’s favourite cities.

To date, Liverpool has shown remarkable resilience in recovery, but COVID-19 has had a significant impact upon the tourism and visitor economy that has been so important to Liverpool’s resurgence. Now, Liverpool City Region has been placed into the highest Tier 3 category of Government restrictions. Health and wellbeing of residents is vitally important but, without the right financial support the region’s hospitality and leisure sector will be devastated. For many, the new restrictions will be the final straw. And it is not just those businesses that must close that are impacted, the supply chain is also affected and many businesses that are permitted to stay open will be unable to operate viably with limited customers.

Liverpool needs support now for all businesses that are impacted by restrictions as well as investment for recovery in the future. That recovery must address threats to lives and livelihoods and place physical and mental wellbeing at the centre of policy making. It must create a broader, sustainable and inclusive economy that builds upon the city’s key strengths in life sciences, health innovation, digital and creative industries to continue Liverpool’s renaissance as a world class cultural city. Liverpool and its people are resilient and together we can come back stronger."

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