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PRIVACY
Economic Development

Football is ‘the great unscripted drama’ – and it’s vital to our region’s economy and residents

Former Liverpool FC CEO Rick Parry among speakers at Heseltine Institute debate

Pictured at the Heseltine Institute Annual Lecture are, from left, host Mairead Smyth, Nuala Gallagher, Rick Parry, Sue Gregory(Image: Alistair Houghton)

Everton’s stunning Hill Dickinson stadium on Liverpool’s waterfront is a symbol of football’s importance to the city's economy – but the game's impact goes way beyond stadiums and matchday experiences.

This year’s Heseltine Institute Annual Lecture at the University of Liverpool was on “Football and the city”, focusing on Liverpool’s Premier League clubs – Everton and Liverpool – as “economic, cultural and social anchors”.

Panelists, including former Liverpool FC chief executive Rick Parry, city council development chief Nuala Gallagher and football finance expert Kieran Maguire, debated what football meant to the city, and what it could do to boost regeneration and improve the lives of residents.

To coincide with the event, from Dr Tom Arnold on the clubs’ impact in the city and wider region. It says “Their contribution to the regional economy is significant, supporting thousands of jobs and generating billions in economic value”.

It highlights the impact of stadium developments – not just Everton’s new home on the waterfront, but also Liverpool FC’s huge investments at Anfield in recent years. And it says: “Realising the full potential of football-driven economic development requires continued collaboration between football clubs and public authorities.”

One issue that came up at the debate was the balance between the needs of global fans and those of local people and residents.

Mr Parry, now chairman of the English Football League, said that when he was at Liverpool and discussing stadium redevelopment, the club came up with ideas for "iconic" attractions, maybe even in partnership with Disney.

But, he said: “When we talked to the local community, they wanted a post office”.