Liverpool is to be home to a new international music and technology innovation hub to attract investment and grow its £780m music and creative tech sector. Tony McDonough reports

An international network connecting entrepreneurs, investors and creatives in the music and creative tech sector will open in Liverpool this month.

HOME (House Of Music & Entertainment) will set up a base at the city’s Royal Court Theatre. Its aim will be to attract investment and grow the Liverpool city region music sector which LBN recently revealed could soon be worth £1bn a year.

This new hub will provide a landing point for the music and music tech industry while helping local firms tap into global opportunities.

Backed by Liverpool City Council, the Liverpool City Region Combined Authority and industry partners including MusicFutures, and MusicTech UK (MTUK), the centre is being positioned as a boost to the city region’s growing reputation as a hub for music innovation and creative technology.

A recent report commissioned by Liverpool City Council and published in partnership with the Liverpool City Region Combined Authority and MusicFutures highlighted the scale and potential of Liverpool City Region’s music economy.

It revealed it is already worth around £780m a year and supports more than 14,000 jobs. The study concluded the sector is on a clear trajectory to grow into a £1bn industry by 2035.

HOME is a global music and technology network that connects entrepreneurs, investors, and creatives through a programme of collaborative workspaces, industry events and international partnerships.

Designed to support innovation-led growth, it helps businesses access new markets, build relationships and develop opportunities across a connected global community.

It currently has international hubs and partner locations in London, Berlin and Tokyo. It can support Liverpool to attract investment, foster talent and accelerate growth across sectors including music technology, creative industries and digital innovation.

Cllr Harry Doyle, Cabinet Member for Health, Wellbeing and Culture, said: “Liverpool’s creative reputation is known around the world, but what’s really exciting is how we’re building on that heritage to drive innovation and opportunity today.

“The arrival of HOME in the city is another strong signal that Liverpool is becoming a leading destination for music technology and creative enterprise.”

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The Royal Court hub will host investor showcases, industry networking events, visiting international delegations, business support activity and collaborative projects.

Andy Allen, chief executive of HOME, added: “Liverpool is one of the most exciting, creative and music innovation ecosystems in the UK. The hub will help strengthen connections between the city region and a global network of businesses and investors.”