300 companies benefit from Boost Business Lancashire scheme

boost business lancashire

Hundreds of companies in Lancashire have benefitted from a business support service launched to grow the county’s economy, new figures have shown.

Figures from Boost Business Lancashire, the county’s growth hub, show that about 300 businesses have benefitted from the service after it received funding to launch a new phase of its support programme at the start of the year.

More than 1,200 new jobs were created during the scheme’s first phase, and in January the project received £7.8m to continue offering support for the county’s ambitious businesses until 2018.

£3.8m was made available through the European Regional Development Fund while the rest was provided by Lancashire County Council, the Lancashire Enterprise Partnership Growth Deal and other private sector sources.

It is hoped 3,360 businesses will benefit from the latest phase of the project, with plans in place to create 2,000 jobs and establish about 200 new businesses.

Jennifer Mein, leader of Lancashire County Council, said: “The first phase of the Boost programme was extremely popular and successful with almost 3,000 businesses assisted and 1,200 jobs created in Lancashire, so I am pleased to see that the county’s businesses are again making the most of the business support opportunities available.

“Boost works closely with businesses to identify their growth requirements and help them achieve their goals. I’d encourage businesses to talk to Boost today and see what advice and support is available to them.” Chair of the Lancashire Enterprise Partnership (LEP), Edwin Booth added: “The popularity of the Boost service is testament to the quality of the support available, and to the results that it helps the county’s businesses achieve. The advice on offer is instrumental in helping businesses grow, which ultimately will benefit the local economy and will create jobs.”