Post-Brexit optimism in Lancashire

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From a commercial property perspective, we are heading into an exciting time. Post-Brexit, there were understandable concerns about the economic outlook, but thus far it's been a mainly positive response.

Nevertheless, the industrial property sector remains robust, with larger enquiries often preferring to remain in their locality - typically, relocation is within Lancashire and determined by the availability of suitable premises.

This is enhanced by the government tentatively moving towards having an industrial strategy, following their green paper in January.

The commercial property sector serves as a reasonable barometer of business confidence, and we are definitely seeing signs that suggest things are improving - Petty Commercial has let/sold over a million square feet of industrial space over the last year in the Pendle-Burnley area alone.

The £4m government investment is part of the £68m Growth Deal Announcement for Lancashire. The scheme identified Lomeshaye as a pivotal part of the Burnley and Pendle Growth Corridor to secure, attract and create more employment opportunities in Pendle. With this sort of leadership and vision, I think Lancashire is well-poised to capitalise on he opportunities that lay ahead.