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Liverpool uk has a rich history of entrepreneurship dating back to the 18th century when it was a major port city the citys geography situated on the river mersey has played a significant role in its economic development with a population of over 500000 liverpool is home to several universities including the university of liverpool and liverpool john moores university which have produced many successful entrepreneurs the city has seen several technological innovations including the development of the worlds first passenger railway and the first commercial radio station companies founded in liverpool include littlewoods john west foods and the beatles record label apple records today the city is home to several companies including shop direct jaguar land rover and unilever liverpool is known for several key historical events including its role in the slave trade and the beatles rise to fame the city has a living wage of 950 per hour and an unemployment rate of 52 the citys gdp is estimated to be around 30 billion the rate of new companies starting and ending in liverpool is relatively high with many startups struggling to secure funding and support however the citys startup scene is thriving with several initiatives aimed at supporting entrepreneurs including the liverpool city region local growth hub and the liverpool city region combined authority overall liverpools startup scene is thriving due to its rich history of entrepreneurship supportive initiatives and access to talent from local universities while there are challenges facing startups in the city the future looks bright for liverpools entrepreneurial community
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