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Business festival generates £250 million in Liverpool

International Festival for Business closed this week after hosting 80 events at Exhibition Centre Liverpool

Pictured: Chancellor George Osborne was among the 26,000 delegates to attend the International Festival for Business

The International Festival for Business in Liverpool generated more than £250 million of economic value, it has been revealed after the event closed this week.

More than 26,000 delegates attended the three week-long festival, which saw more than 80 events take place and multi-million pound business deals finalised at Exhibition Centre Liverpool. The festival was worth an estimated £265m to the UK economy.

Bob Prattey, chief executive of The ACC Liverpool Group, home to BT Convention Centre, Echo Arena and Exhibition Centre Liverpool, said: “IFB2016 was the largest event we have hosted in Exhibition Centre Liverpool since we opened our doors in September. For three weeks the venue was transformed into a hub for exhibitions, seminars, networking events and inspirational speakers – the scale of which has never been seen in Liverpool, or indeed the UK, before.”

The festival was delivered in partnership with UK Trade & Investment and the government-backed GREAT Britain Campaign, and is set to return in 2018, when it will host the prestigious World Forum for Foreign Direct Investment, and again in 2020.

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