- Liverpool will be hosting the 67th final of the Eurovision Song Contest on behalf of Ukraine.
- The city of Liverpool was chosen after a competitive bidding process. Winning over larger cities, like Glasgow or Birmingham, Liverpool had to prove itself as the perfect host.
- The profit estimated to be generated by Liverpool’s organising of the event may well exceed £30 million. Liverpool’s visitor economy contributes almost 50% to the city’s overall economy and the prospect of accommodating more international tourists in 2023 is exciting for local businesses, big and small.
Liverpool Arena will be hosting the 67th final of the Eurovision Song Contest on behalf of Ukraine. The European event’s Semi-finals will take place on the 9th and 11th of May 2023, while the Grand Final is scheduled for Saturday, the 13th of May.
Next year’s edition of Eurovision is the first to be held in the UK in over 25 years. BBC has teamed up with Ukraine’s public broadcaster UA:PBC and the EBU (European Broadcasting Unit) to organise the 2023 edition of the European song contest.
Why Liverpool is the perfect UK host for 2023’s Eurovision contest
The city of Liverpool was chosen after a competitive bidding process. Winning over larger cities, like Glasgow or Birmingham, Liverpool had to prove itself as a prospective host, and it did so impeccably.
Nicknamed ‘Boss’ by Eurovision officials, Liverpool is a UNESCO city of music. It has a rich musical heritage, with the likes of The Beatles, Gerry and the Pacemakers and Frankie Goes to Hollywood born there.
Steve Rotheram, Mayor of the Liverpool City Region, has spoken about the city as being an unmatched ‘music heavyweight’. He added that no other region in the UK has produced as many number one hits as Liverpool.
Liverpool’s proud musical heritage and its fame as a city that knows how to throw a party, but also organise engaging cultural events, weighed heavily in the making of the final decision on the 2023 Eurovision host city.
Liverpool’s venue facilities were thoroughly examined. The city’s capacity to accommodate thousands of visiting delegations, spectators, staff and press was also evaluated, together with its ability to create an environment that is true to the Ukrainian culture and visual identity.
Following on its fame as a world-class stager of large-scale cultural events, Liverpool will collaborate with Ukranian street artists and fashion designers. Community engagement programmes will be up and running, and there will be a culture trail along Liverpool’s popular areas, to celebrate its ties with the Ukrainian capital Odesa.
Economic boost and benefits for the city’s development
News of Liverpool having been selected to host next year’s European music competition has convinced international tourists to start making early travel arrangements. Some of the accommodation listed on travel websites has already sold out for 2023’s song contest dates, while prices for rooms can go up to thousands of pounds.
The profit to be generated by Liverpool’s organising of the European event is estimated to exceed £30 million. Liverpool’s visitor economy contributes almost 50% to the city’s overall economy and the prospect of accommodating more international tourists in 2023 is stimulating for local businesses, big and small.
Consequently, this will support the city in its post-pandemic recovery, by creating new jobs and stimulating the economy of the entire Liverpool area, not only that of the city centre. All these advantages will help to stabilise the tourism sector that was severely impacted in the past two years.
Liverpool is the place to be
For those searching for profitable Liverpool property investment opportunities, Liverpool Waterfront should be at the top of the list. The one- and two-bedroom apartments within the development have luxurious specifications; they are high-end smart apartments that allow residents to control their homes through high-tech.
There are units with splendid sea-views available, all in a development that only asks for low capital investment and promises significant capital and rental growth.
Liverpool Waterfront is located within the massive regeneration scheme Liverpool Waters, a project covering an area of 2.3km along the river Mersey. As one of the largest urban schemes of its kind, Liverpool Waters sets out to reconfigure historic parts of the city and the docks.
To learn about the property investment opportunities above, or to find out more about how property investment works, get in touch with the experts at North Property Group today.
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