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

Beever and Struthers advise on £1.5bn funding for 2,000 new social homes a year John Jones

Beever and Struthers advise on £1.5bn funding for 2,000 new social homes a year

03 Jul 2025

2

Airframe Designs aligns with US programme for additive manufacturing growth Additive manufacturing technology unit At Airframe Designs

Airframe Designs aligns with US programme for additive manufacturing growth

03 Jul 2025

3

Panache Cruises on course for further growth with support from Rosebud James Cole

Panache Cruises on course for further growth with support from Rosebud

03 Jul 2025

4

Lancashire emerges as key player in UK's Defence and Tech Sector Mo Isap Chair Of The Lancashire Business Board Nick Miles National Cyber Force Deputy Director For Samlesbury Annette Weekes Representative Of The NWRDSC

Lancashire emerges as key player in UK's Defence and Tech Sector

03 Jul 2025

5

Report shows impact of BAE Systems in Lancashire BAE Systems Radar

Report shows impact of BAE Systems in Lancashire

02 Jul 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
LBV123 July/August Launch Event
Lancashire Business View magazine launch
Networking
16 Jul 2025

LBV123 July/August Launch Event

Burnley

08:30 - 10:30

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

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

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

The Marketing Metrics that Matter – July 4
LBV Hub Seminars
04 Jul 2025 - 04 Jul 2025

The Marketing Metrics that Matter – July 4

Door4 Office, Burnley Wharf, Burnley, BB11 1JG

08:30 - 11:00

Tri-Site Survey Equipment Showcase
unnamed (2).jpg.jpg
LBV Hub Seminars
09 Jul 2025 - 09 Jul 2025

Tri-Site Survey Equipment Showcase

Crow Wood Hotel, Burnley, BB12 0RT

09:30 - 16:00

Blackburn Cathedral hosts Champagne and Diamonds Event with Ainsworth Jewellers
Champagne-Jewellery 10 07 25_page-0001.jpg.jpg
LBV Hub Awards
10 Jul 2025 - 10 Jul 2025

Blackburn Cathedral hosts Champagne and Diamonds Event with Ainsworth Jewellers

Blackburn Cathedral, Blackburn, BB1 5AA

18:00 - 20:30

Choose Chorley for Business - Talent Reimagined Business Breakfast
talentreimaginedbb.png.png
LBV Hub Seminars
10 Jul 2025 - 10 Jul 2025

Choose Chorley for Business - Talent Reimagined Business Breakfast

Strawberry Fields Digital Hub, Chorley, PR71PS

08:00 - 10:30

Shaping Preston's future by remembering its past
1750160034867.png.png
LBV Hub Networking
16 Jul 2025 - 16 Jul 2025

Shaping Preston's future by remembering its past

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 20:30

Chamber Summer BBQ
LBV Hub Social
17 Jul 2025 - 17 Jul 2025

Chamber Summer BBQ

The Borough, Dalton Square, Lancaster, LA1 1PP

17:30 - 20:00

Preston Tech Connection: Web3 is Dead. Or is It?
July Longer Banner.jpg.jpg
LBV Hub Networking
29 Jul 2025 - 29 Jul 2025

Preston Tech Connection: Web3 is Dead. Or is It?

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Preston Freelancer Meet-Up: July
Longer July Banner.jpg.jpg
LBV Hub Networking
31 Jul 2025 - 31 Jul 2025

Preston Freelancer Meet-Up: July

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

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 LBV122 Online Graphic
Subscribe now

Weekly news bulletin