/ Key Initiatives / Growing Places

The £20M Growing Places investment fund is supporting infrastructure, commercial and housing development across Lancashire, including in areas which face specific economic challenges.

The Fund has successfully invested in a number of commercial opportunities in some of Lancashire’s most deprived areas and has helped to generate almost 3,000 new jobs, circa 500,000 sq ft of industrial and commercial floor-space and 260 housing units.

The Growing Places Fund is also an income generator – and over £750,000 in interest has so far been raised.

The LEP is also exploring how differing streams of available commercial funding, such as the Growing Places Fund, can be coordinated to ensure maximum impact across Lancashire.

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