Singapore Tech Firm LogChain Relocates to Liverpool in Major Investment Boost
In a significant development for the local economy, global technology firm LogChain has announced its relocation from Singapore to Liverpool, marking a major inward investment success for the city. The company plans to invest up to £4 million in the Liverpool City Region over the next three years, joining over 1,000 digital and tech businesses already established in the area.
Government and Regional Leaders Welcome the Move
Business and Trade Secretary Peter Kyle MP hailed the decision as a clear vote of confidence in the UK and the North West, emphasizing its role in building an innovative trading environment. Metro Mayor of the Liverpool City Region, Steve Rotheram, expressed pride in the choice, noting that Liverpool is a place that understands trade, logistics, and technology, and is committed to supporting companies shaping global commerce.
LogChain's Role in Digital Trade and Supply Chain Efficiency
LogChain specializes in helping companies worldwide reduce costs, accelerate shipments, and create more efficient supply chains by replacing outdated, paper-heavy shipping processes with secure, legally recognized digital documentation. The firm played a key role in delivering the world's first fully digitalized goods shipment in 2023, from Burnley to Singapore, without any physical customs documents.
Context of Recent International Investments in Liverpool
This move follows recent announcements from other international firms setting up in Liverpool. In January, Chinese vehicle manufacturer Chery Commercial Vehicle established its first European headquarters in the city, bringing jobs and investment to the automotive sector. Shortly after, Indian AI company Aivion confirmed its new European HQ in Liverpool's Central Tech building, highlighting a growing trend of global businesses choosing the city.
UK's Leadership in Digital Trade and Tech Sector Growth
The UK was the first G7 country to grant electronic trade documents the same legal status as paper documents, positioning itself as a leader in modern global trade. This has strengthened a tech sector valued at around £1 trillion. LogChain's relocation aligns with the government's push for digital trade advancements, including e-Bills, digital identity, and AI-driven logistics, which are central to global exports.
Statements from LogChain Leadership
Andie McKeown, Chief Executive of LogChain, stated that the UK's leadership in global trade is now supported by the legal foundations needed for the next era of digital commerce. By moving its global headquarters to the UK, LogChain aims to scale trusted, interoperable digital trade infrastructure from a market setting global benchmarks.
Broader Implications and Future Prospects
The announcement coincides with UK–Southeast Asia Tech Week, where the UK is promoting its tech sector, which has produced over 200 tech unicorns. This relocation is expected to boost the local tech ecosystem, enhance future exports, and create good jobs, further solidifying Liverpool's reputation as a hub for innovation and international business.
