Economic development company Liverpool Vision is to be subsumed by the city council following funding cuts from the regional development agency and the Homes and Communities Agency.
The organisation is being slimmed down, with 10 people from its development team merging with the council’s regeneration arm. The 45 remaining staff will be offered voluntary redundancy or jobs elsewhere within the council.
Joe Anderson, leader of Liverpool city council, said: “The council faces significant challenges following the recession and the subsequent Comprehensive Spending Review and we need to streamline all our services to ensure maximum efficiency and to maintain the momentum of Liverpool’s renaissance.
“With its expertise and capability a refocused Liverpool Vision has a pivotal role in moving Liverpool and the city council to new levels of achievement and delivery.
“It makes sense to bring Vision’s development team within the regeneration directorate of the city council and for Vision and our culture team to come together to strengthen how we promote and exploit our economic and cultural assets.”
Liverpool Vision was incorporated as an economic development company in May 2008, following the merger of Liverpool Vision (URC), Liverpool Land Development Company and BusinessLiverpool.
samantha.mcclary@estatesgazette.com
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