Investment boost for Pennine Lancashire

By LBV

04 Jun 2010

The new financial year has started with a welcome boost for the Pennine Lancashire area. The North West Development Agency has announced a £20 million investment package for the area over the next 12 months as the first stage in a £210 million investment programme spread over 10 years.

The funding was announced by NWDA Chief Executive Stephen Broomhead and is tied into a Joint Investment Plan, agreed with local government leaders.

The Joint Investment Plan or JIP is a blueprint for how the various public sector bodies operating across the area will jointly invest their resources to boost the regeneration of the area.

So how will the money be spent? Essentially the funding has been allocated to a range of initiatives that will address a list of priorities agreed between the NWDA and Pennine Lancashire.

Some of these are site specific, such as continued investment in the former Michelin site in Burnley, and other relate to a list of agreed economic growth sectors – aerospace, advanced manufacturing, medical, digital and creative industries and the visitor industries, sectors whose growth is seen as crucial to the future of the Pennine Lancashire economy.

Significant sums, over £3 million in total will be invested in developing the aerospace sector, including helping businesses in the supply chains of the larger aerospace companies to keep pace with developments in skills and technology.

£1 million will be invested in opening up a new employment site – Burnley Bridge – adjoining junction 9 on the M65 motorway. This includes building a new bridge over the canal to link the site to the motorway junction. The site is as ideal for logistics businesses.

In Pendle the priority for investment will be in Nelson town centre where the funding will be used to improve infrastructure to encourage new investment in the main shopping area.

In Blackburn the largest scheme is an initiative called Blackburn Knowledge Zone, focusing on a new commercial sector adjoining the remodelled Blackburn College Campus with its new University Centre.

At one end of the site work is well underway to provide a new integrated health centre for the Primary Care Trust. The overall scheme will extend as far as the landmark Freckleton Street Bridge and will ultimately provide new sites and premises for knowledge based industries.

It is also hoped that it will prove a popular location with new enterprises spinning out of the University Campus.

Included in the programme for future investment are the Adrenaline Gateway, projects in Accrington and Rawtenstall town centres, the Barrow Brook Business Park in the Ribble Valley and the Whitebirk Strategic Employment site.

This sets the framework for building confidence and encouraging private sector investment across the patch.

Steve Hoyle, executive director, Regenerate Pennine Lancashire.
 

Enjoyed this? Read more from LBV

Latest news

1

Supermarket stays put in blow to town's £250m masterplan Blackburn Aerial

Supermarket stays put in blow to town's £250m masterplan

28 Mar 2024

2

Modern Milkman acquires American counterpart article placeholder listing image

Modern Milkman acquires American counterpart

28 Mar 2024

3

Tips for surviving Lancashire's pothole plague

Tips for surviving Lancashire's pothole plague

28 Mar 2024

4

The Pikes wines launched to support Lake District mountain rescue THE PIKES BLOG BANNER.jpg.jpg

The Pikes wines launched to support Lake District mountain rescue

28 Mar 2024

5

Fundraising success sees Stanley Women compete in Dallas Cup The Accrington Stanley Under 18s team which are currently in Dallas.jpg.jpg

Fundraising success sees Stanley Women compete in Dallas Cup

28 Mar 2024

Hwc 2024 Email Signature 980x120
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Health and Wellbeing Conference 2024
Hwc 2024 Social Media 1200px 1
Networking
23 Apr 2024

Health and Wellbeing Conference 2024

Crow Wood Hotel, Burnley , BB12 0RT

08:30 - 13:00

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
29 Mar 2024

Business Networking in Preston - BNI Brunch

Samlesbury Preston Hotel, Preston New Road, Preston, PR5 0UL

09:30 - 11:00

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
29 Mar 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
02 Apr 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
02 Apr 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
03 Apr 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

Business Networking in Lancaster - Eden Business Network
EVENT LISTING Eden Business Network.png.png
LBV Hub Networking
03 Apr 2024

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
03 Apr 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
04 Apr 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
04 Apr 2024

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
05 Apr 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
05 Apr 2024

Business Networking in Preston - BNI Brunch

Samlesbury Preston Hotel, Preston New Road, Preston, PR5 0UL

09:30 - 11:00

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 Lbv115 Online Graphic
Subscribe now

Weekly news bulletin