One of the UK's leading practitioners in urban regeneration, economic and public/private partnerships, Mr Steinberg is chief executive of Liverpool Vision, which he joined in July 2010.

The body is the city's economic development company and is responsible for business support, enterprise promotion, inward investment, international relations, and investment marketing in the city and culture.

In 2010 Mr Steinberg was in Shanghai as Liverpool successfully showcased the city at the World Expo.

Mr Steinberg said after the fellowship ceremony: "It is a wonderful award from an institution that is making a major and growing contribution to Liverpool life and I accept it on behalf of all those who I have worked with and am currently with here in the city."

Next on the list for the former King David High School head boy is next month's Global Entrepreneurship Conference which he helped to secure for Liverpool.

It will be the first time this highly prestigious global event has taken place in Europe.