Brighter prospects for Pennine Lancashire

By LBV

02 Mar 2010

2010 will pose many challenges for the Pennine Lancashire economy, which covers the Boroughs of Blackburn with Darwen, Burnley, Hyndburn, Pendle, Ribble Valley and Rossendale.

Money for new investment is still in short supply due to the upheaval in the financial sector over the past 18 months.

The signs are that jobs will continue to be lost in traditional manufacturing sectors, but there are some indications that new manufacturing industries based on advances in technology and innovation will help to create more employment.

Pennine Lancashire has real strengths in aerospace and advanced manufacturing, both of which are expected to grow. Other sectors, such as bio-medical industries, creative and digital industries and the visitor economy all offer potential for investment and employment growth.

Regenerate Pennine Lancashire is a new development company set up by the six local councils and Lancashire County Council, with initial funding from the Homes and Communities Agency, the Northwest Regional Development Agency (NWDA), partner local authorities and the Local Enterprise Growth Initiative (LEGI).

It aims to stimulate the economy by delivering major development projects and regeneration programmes. The new company will take on board the successful No Limits initiative which encourages new business starts and enterprise activities.

To date over 900 new businesses have been launched and the target is to help a further 500 businesses over the coming year.

Regenerate Pennine Lancashire will also continue to improve the area’s housing offer through the Housing Market Renewal programme.

This initiative is helping to stabilise the housing market and is bringing about real change in some of the most deprived neighbourhoods. The company will work with local authorities, developers and housing associations to deliver the housing that local communities need.

Local authorities will shortly have agreed a priority list of major development projects for the whole of Pennine Lancashire: this will form the nucleus of a development programme for the next 5-10 years.

It includes the Whitebirk Strategic employment site, which it is hoped will accommodate 3000 jobs; other important developments are proposed for Nelson, Clitheroe and Rawtenstall town centres, working in conjunction with the local authorities and businesses in those areas.

Regenerate Pennine Lancashire will also support businesses that want to expand or relocate to the area, working closely with the NWDA and Business Link.

The focus will be on identifying the businesses and sectors which have the potential to grow, and ensuring that there are sufficient new developments to accommodate them.

In parallel with this, housing initiatives will help ensure that there is a good mix of accommodation in the area, from affordable homes to executive housing, to provide for the future workforce.

Steve Hoyle, executive director, Regenerate Pennine Lancashire.
 

Enjoyed this? Read more from LBV

Latest news

1

Taste Lancashire Producer Awards 2026 open for applications Taste Lancashire Producers awards

Taste Lancashire Producer Awards 2026 open for applications

15 Sep 2025

2

Stuart Buckley appointed head of sales and account management at Netcentrix Stuart Buckley

Stuart Buckley appointed head of sales and account management at Netcentrix

15 Sep 2025

3

Preston City Council pushes for fair pay Coun Valerie Wise

Preston City Council pushes for fair pay

15 Sep 2025

4

University of Lancashire increases state-of-the-art dentistry teaching facilities New dental facilities at University of Lancashire

University of Lancashire increases state-of-the-art dentistry teaching facilities

15 Sep 2025

5

VARS Technology team up with debt resolution specialists to fight fuel theft David Nichol John Garnett Aydan Jones and Laura Tilley

VARS Technology team up with debt resolution specialists to fight fuel theft

12 Sep 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Sub36 Networking - Follow the signs
Sub36 Deaf Village Social1200
Networking
17 Sep 2025

Sub36 Networking - Follow the signs

The Deaf Village, Blackburn, BB2 5EN

10:00 - 12:00

LBV124 September/October Launch Event
MBP Arc Cinema Preston Opening 205
Networking
18 Sep 2025

LBV124 September/October Launch Event

The Arc Cinema, Preston, PR1 2BL

08:30 - 10:30

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

Preston Tech Connection - The Ultimate Tech Quiz!
Preston Tech Connection Sept 25.png.png
LBV Hub Networking
16 Sep 2025 - 16 Sep 2025

Preston Tech Connection - The Ultimate Tech Quiz!

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:00

The Business Network Central & East Lancashire
LBV Hub Networking
17 Sep 2025 - 17 Sep 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation
Chorley Council breakfast event new
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation

Worden Hall, Leyland, PR25 3DH

08:00 - 11:00

Preston Freelancer Meet-Up: September
Sept Freelancer (1).png.png
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Preston Freelancer Meet-Up: September

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Speed Networking with BNI
2.png.png
LBV Hub Networking
24 Sep 2025 - 24 Sep 2025

Speed Networking with BNI

Chorley Football Club, Chorley, PR7 3DU

16:00 - 19:00

The Marketing Meetup IRL: Lancashire - September
TMM Lancashire
LBV Hub Networking
25 Sep 2025 - 25 Sep 2025

The Marketing Meetup IRL: Lancashire - September

Chorley, PR7 2SL

18:00 - 20:00

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day
MTD drop in session.jpg.jpg
LBV Hub Seminars
25 Sep 2025 - 25 Sep 2025

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day, Blackburn, BB1 5QB

10:00 - 16:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV124 Online Graphic
Subscribe now

Weekly news bulletin