A global tech firm is moving its headquarters from Singapore for Liverpool.
LogChain will bring jobs and growth to the Liverpool City Region by relocating its operations to the city as the fourth major company to set up a base in the area.
Crediting the UK’s leadership in digital trade, the company has announced plans to join the ranks of more than 1,000 digital and tech businesses in Liverpool.
The base will support LogChain’s work with governments, ports, financial institutions and industry partners, while strengthening links between UK capabilities and international trade corridors.
More than 6,500 digital and tech businesses are housed in the Liverpool City Region with 45% of trans-Atlantic trade passing through the Port of Liverpool.
Up to £4 million is forecast to be invested by LogChain in the region over the next three years as part of the landmark announcement on Thursday (February 12).
Steve Rotheram, Mayor of the Liverpool City Region, said: “I’m really proud that LogChain has chosen the Liverpool City Region as its UK base.
“We’re a place that ‘gets’ trade, logistics and technology, and we’re serious about backing companies that are shaping the future of global commerce.
“Moves like this help bring good jobs to the region and strengthen our links with the rest of the world.”
Business and Trade Secretary Peter Kyle added: “LogChain’s decision to set up shop in Liverpool is a clear vote of confidence in the UK and the North West as we build the most innovative trading environment in the world.
“This move strengthens our tech ecosystem, boosts future exports, and shows the UK is the place to be for cutting edge digital trade.”