Liverpool braced to weather credit crunch, says investment chief

Liverpool is well placed to fight off any “credit crunch” that could affect construction projects in the current Capital of Culture, according to the man in charge of attracting investment to the region.

Despite projects being halted across the country because of the current economic downturn Jim Gill, chief executive of investment-generating group Liverpool Vision, told the Daily Post that the city was braced to weather the crunch and wouldn't be littered by derelict building sites.

The reason for this, Gill told the paper, was because the city had built a strong financial foothold after taking advantage of a prolonged period of growth.

“The impact of works has been minimised and in some cases has been presented as a plus – a dynamic city that is changing rather than a building site,” Gill told the newspaper.

“I think Liverpool is in a much stronger position now than it was five or 10 years ago to go through these sort of issues,” he added.