The programme is a key part of the Northern Powerhouse initiative and is driving growth across the county.
The Growth Deal is helping to generate up to 11,000 new jobs, create 3,900 new homes and attract £1.2 billion of additional public and private investment for Lancashire.
The Lancashire Growth Deal is focussed on four themes:
The Growth Deal is building on key economic assets including the universities and colleges, Lancashire’s Enterprise Zones, the Preston, South Ribble and Lancashire City Deal and high-value business clusters.
It is upgrading commercial infrastructure, kick starting economic initiatives, and unlocking private investment.
Over 40 projects have benefitted directly, including:
Lancashire’s Growth Deal programme is fully coordinated with major economic initiatives: the £450m Preston, South Ribble and Lancashire City Deal; the £20m Growing Places Investment Fund; and the Lancashire Advanced Manufacturing and Energy Enterprise Zone Cluster which together are delivering economic growth and prosperity in Lancashire.
Project Business Cases – For scheme / packages requiring a Growth Deal contribution of greater than £5m, business cases will be made available on the LEP website for six weeks before the final investment decision is made and external comments invited.
You can request the business case for any project by emailing us at email@example.com.
DOWNLOADS Project Update – As at Q2 19/20
The LEP has established a Growth Deal Management Board as a formal Committee of the LEP to oversee the preparation of a Growth Deal Implementation Plan and a Growth Deal Monitoring and Evaluation Framework.