Hoyle retires as Regenerate boss

Steve Hoyle, managing director of the economic development company Regenerate Pennine Lancashire, has announced his retirement after 38 years in local government.

He spent 25 years working for Blackburn with Darwen Borough Council, most notably as director of economic development. Here he was responsible for a number of successful projects such as the Business Development Centre at Eanam Wharf and the Greenbank Technology Park. More recently he led the council team which secured the extension to the Mall shopping centre in Blackburn.

In 2010, Steve became managing director of Regenerate, the company that delivers economic development programmes on the behalf of Pennine Lancashire’s Local Authorities.

Steve’s successes include developing and generating funds from various sources for a number of major projects. He managed a successful Local Economic Growth Initiative bid which launched over 1,500 new businesses in Pennine Lancashire. Under his lead Regenerate has secured £20m of funding for business support from the Regional Growth Fund and European Regional Development Fund to deliver start-up and growth support and finance to Lancashire businesses.The Queen's Awards for Enterprise and Enterprise Promotion

Last year, Steve received a Queen’s Award for Enterprise Promotion from Business Secretary Vince Cable in recognition for his work.

Regenerate’s new managing director will be Steven Cochrane, current head of strategy for the Pennine Lancashire local authorities. He will assume his new role in April this year.

On Steve’s retirement, Blackburn MP Jack Straw said: "Steve Hoyle's leadership has positioned Regenerate to be able to bring millions into Lancashire to help businesses be more competitive and create jobs, at a time when this is vital."

Steve Hoyle said: “Throughout my career I have wanted to find ways to deal with the economic challenges of this area and to improve the employment opportunities open to its residents. Under Steven Cochrane’s leadership, Regenerate will continue to help high growth businesses start up and grow in Lancashire leading to more jobs and a greater local economy.”

Steven Cochrane said: “I’m delighted at my new appointment and I am looking forward to the challenge. I have worked with Steve Hoyle and Regenerate for many years so understand how much value he and the company have brought to the local economy by working alongside Pennine Lancashire’s councils and businesses.”