Northern Powerhouse minister rallies business

Northern Powerhouse Minister Andrew Percy issued a rallying cry for the North of England at the recent visit to the North-west and Manchester

Mr Percy, gave a keynote speech at the UK Northern Powerhouse International Conference and Exhibition in Manchester , he said the Government was investing billions of pounds into Northern businesses to create an economy that works for everyone.

He said: “The Northern Powerhouse is home to more than 15 million people and one million businesses, seven international airports and some of the world’s top universities. Our economy was worth £316 billion in 2015 – similar to the whole of Belgium – but we want to go further….

“That’s why we’re investing billions of pounds to back businesses in the North and create an economy that works for everyone. I look forward to continuing to work with local leaders to ensure the North goes from strength to strength.”

What is the Northern Powerhouse ?

The 556m has been allocated from the Local Growth Fund cash pot of 1.8bn, announced in the Autumn Statement, and will be handed to 11 Local Enterprise Partnerships across the north.

It is part of a wider scheme aimed at boosting the post-Brexit UK economy and creating jobs, with a particular focus on investment in science, research and innovation.

Mr Percy said the plans, was about building a "truly global Britain".

How much money will each Local Enterprise Partnership receive? Greater Manchester: £1m Liverpool City Region: £72m Leeds City Region: £5m North Eastern: £7m Cumbria: £7m Tees Valley: £8m York, North Yorkshire, East Riding: £7m Lancashire: £8m Humber: £9m Sheffield City Region: £8m Cheshire and Warrington: £3m In addition to Andrew Percy attending the Northern powerhouse , China came too . Jin Xu, minister counsel of the economic and commercial office of the Chinese embassy in London, led a Chinese delegation that included the China Council for the Promotion of International Trade and the China Chamber of Commerce UK.

Jin said: "The Northern Powerhouse has attached great importance to Chinese investment….Chinese investors are looking into infrastructure, healthcare, innovation, education, tourism, and, of course, real estate-prices are much lower in the north than in the London area."

Attending the Expo was Ms May Liu, international projects director at the China-UK Business Centre (Northwest), said there was a noticeable increase in Chinese interest at this year's conference and development opportunities . Liu said: "The northern region was previously not that well-known in China. That's changing. Today, we were approached by several businesses who visited our stall and asked about investment opportunities in the Blackpool , Fylde and Lancashire area.." The conference was the biggest cross-sectoral gathering of Northern businesses in the UK. Topics addressed during the conference included manufacturing, transport and infrastructure, finance and delivery, devolution, competitiveness , productivity and energy. Now looking forward to February 2018 and the next Northern powerhouse expo.

Enjoyed this? Read more from THE CHINA-UK BUSINESS CENTRE

Latest news

1

Breck to deliver £150m of affordable homes over four years Breck Development In Progress

Breck to deliver £150m of affordable homes over four years

18 Jul 2024

2

Business board launches to support county's economic growth Lancashire Business Board

Business board launches to support county's economic growth

18 Jul 2024

3

Thirteen new contract wins in three months for seoBusiness SeoBusiness Contract Wins

Thirteen new contract wins in three months for seoBusiness

19 Jul 2024

4

Blackburn Hotspots: Filling a big hole Blackburn Hotspots Lineup

Blackburn Hotspots: Filling a big hole

19 Jul 2024

5

GoDaddy chief returns to Lancaster to collect honorary degree Aman Bhutani

GoDaddy chief returns to Lancaster to collect honorary degree

19 Jul 2024

Bec Web Strip 980x120
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
Lancashire Built Environment Conference
BEC 315 X 315 Px
Networking
25 Sep 2024

Lancashire Built Environment Conference

Conference and Exhibition Centre, Winter Gardens Blackpool, FY1 1HL

08:30 - 13:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Preston Freelancer MeetUp and Coworking Day
Screenshot 2024-06-13 at 13.55.10.png.png
LBV Hub Networking
30 Jul 2024

Preston Freelancer MeetUp and Coworking Day

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Skills Bootcamp in Procurement - Cohort 1
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Seminars
30 Jul 2024 - 08 Oct 2024

Skills Bootcamp in Procurement - Cohort 1

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
31 Jul 2024

Chamber Breakfast Networking

Pye Motors, Morecambe, LA3 3PF

08:00 - 10:00

Scaling your revenue: From zero to £1m in 60 months
CBP-logo LBV.png.png
LBV Hub Webinar
31 Jul 2024

Scaling your revenue: From zero to £1m in 60 months

Online, Online, Online

08:00 - 09:30

Online Women's Health Clinic
clinic.png.png
LBV Hub Webinar
06 Aug 2024

Online Women's Health Clinic

x, Online, x

12:00 - 12:00

International Coworking Day Open Day
1.png.png
LBV Hub Social
09 Aug 2024 - 09 Aug 2024

International Coworking Day Open Day

Society1 Coworking Space, Prestin, PR1 3 LT

10:00 - 13:00

Knowledge & Networking: Basic Digital Marketing
Chamber Logo1.png.png
LBV Hub Seminars
12 Aug 2024

Knowledge & Networking: Basic Digital Marketing

Lancaster Golf Club, Lancaster, LA2 0AJ

14:00 - 13:00

Understanding Menopause
menopause.png.png
LBV Hub Webinar
15 Aug 2024

Understanding Menopause

x, Online, x

12:30 - 13:15

Sub36 Networking Event - The Bee Centre
Sub36 Socialbee Centre
Networking
15 Aug 2024

Sub36 Networking Event - The Bee Centre

The Bee Centre, Chorley, PR6 8LZ

15:00 - 17:00

Mini Networkers - Family Fun Morning
CBP-logo LBV.png.png
LBV Hub Networking
16 Aug 2024

Mini Networkers - Family Fun Morning

Community & Business Partners CIC, Blackburn, BB2 3UA

10:00 - 13:00

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 LBV116 Online Graphic
Subscribe now

Weekly news bulletin