LBV 61: Funding Guide Part One

A rich future on the horizon for Lancashire

Investment in advanced manufacturing, aerospace, automotive manufacturing, digital and creative and a dynamic visitor economy – Lancashire attracts more than 60 million visitors a year, more visitors than Cumbria and the Lake District – evidence the fact that our Lancashire economy is driving forward at a rate of knots.

“All of this business activity is supported by a range of development plans and initiatives to support growth in the region such as the Preston, South Ribble and Lancashire City Deal that addresses the infrastructure issues that will release the economic potential of core locations through a £340m investment and delivery programme.

“The Lancashire Enterprise Zone will focus on our advanced engineering and manufacturing sector. It will promote research and development capability and support supply chain and skills development activity, acting as the focal point for a network of centres of excellence across Lancashire. The first occupiers will be on site this year.

Edwin Booth, chair of the Lancashire Enterprise Partnership (LEP), says:“2015 is shaping up to be a promising year for businesses in Lancashire.

“Creating jobs means that businesses are growing, and when businesses are growing they need access to finance.

“There are many sources for the funding you need to support your growth aspirations, and it’s important to do your research before approaching funders. Not all forms of finance are suitable for every type of business. Going to the most suitable provider also saves you time and money.

“If you have ambitions to grow your business, we’re keen to partner with you in your pursuit of success. We want to help give people the tools and vision to create wealth and employment in Lancashire.

“You can get support from Boost Business Lancashire, our £7.2m Lancashire Business Growth Hub, developed by the LEP and Lancashire County Council.