The LEP was formed in 2011 to make Lancashire the location for business growth and inward investment. Since then, we have played a crucial role in coordinating the county’s economic priorities.
Our role is to ensure the best possible economic conditions so that businesses can start, grow and thrive, by enjoying easy access to high-grade support for sustainable expansion.
We work with government to bid for public funds, focussing on opportunities that maximise job creation and growth to spread the benefits right across the county.
Our strong strategic focus has enabled us to secure a £1 billion growth plan and bring forward over 50 major growth initiatives. Whilst all parts of Lancashire have benefited from these ambitious growth programmes and investment plans, half of these initiatives are within the five most deprived areas, reflecting the LEP’S ambition to drive inclusive economic growth.
We have established a strong reputation for delivery, a track record which is recognised by government and our public and private sector partners including:
The LEP will develop a new Local Industrial Strategy (LIS) which will have at its core people and place to improve the performance of our key towns and cities.
The LIS will support all future investment activity and position Lancashire’s key sectors and supply chain strengths and opportunities.
The strategy will be driven by productivity, innovation and internationalisation and be underpinned by a robust evidence base.
The LEP has directed much of the investment it has won to creating and enhancing a range of innovation assets and centres of excellence such as Lancaster University’s Health Innovation Campus, UCLAN’s state of the art Engineering and Innovation Centre and the world-renowned Advanced Manufacturing Research Centre based at Samlesbury Aerospace Enterprise Zone. These investments are in response to the challenge of increasing the productivity and competiveness of our key and emerging sectors.
We will continue to build on the success of Lancashire’s Business Growth Hub, Boost, with an enhanced offer to rapidly growing businesses, find more information in Key Initiatives
The LEP applies a ‘best business case’ model to direct available resources into investment priorities and a strategic outlook that focuses on five themes:
The Lancashire Enterprise Partnership has a strong record on progressing cross-boundary and cross-LEP initiatives. The Board remains alert to cross-boundary opportunities with regional and national partners that enable the LEP to both scale-up and progress key initiatives consistent with SEP priorities. The LEP also plays an active role in NP11 and has led on two cross-boundary Science & Innovation Audit submissions.
It is the responsibility of the LEP Board to consider and agree all key policy and investment decisions, including proposals to develop and engage with cross-boundary and cross-LEP initiatives. When considering and approving the LEP’s engagement in cross-boundary initiatives, there must be evidence of the strategic value of this proposed activity along with the clear identification of any governance and/or resource implications.