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Lancashire Local Enterprise Partnership

Lancashire Local Enterprise Partnership

The Lancashire Enterprise Partnership (LEP) is a strategic collaboration between business, universities and local councils which directs economic growth and drives job creation.

The LEP was formed in 2011 to make Lancashire the location for business growth and inward investment. Since then, we have played a crucial role in coordinating the county’s economic priorities.

Our role is to ensure the best possible economic conditions so that businesses can start, grow and thrive, by enjoying easy access to high-grade support for sustainable expansion.

We work with government to bid for public funds, focussing on opportunities that maximise job creation and growth to spread the benefits right across the county.

Our strong strategic focus has enabled us to secure a £1 billion growth plan and bring forward over 50 major growth initiatives. Whilst all parts of Lancashire have benefited from these ambitious growth programmes and investment plans, half of these initiatives are within the five most deprived areas, reflecting the LEP’S ambition to drive inclusive economic growth.

We have established a strong reputation for delivery, a track record which is recognised by government and our public and private sector partners including:

  • Our £320 million Growth Deal, the largest secured outside the core city regions, is on track to deliver up to 11,000 new jobs, 3,900 new homes, and leverage £1.2 billion in new private sector investment by 2021
  • The £450 million Preston, South Ribble and Lancashire City Deal
  • Our Lancashire Advanced Manufacturing and Enterprise Cluster (LAMEC) programme – three Zones (across four sites)- is creating an investor offer of Northern Powerhouse significance capable of supporting 10,000 new jobs in the advanced engineering and manufacturing, energy and chemical sectors
  • £30 million Growth Deal Skills Capital Fund has been invested in our education facilities
  • £20 million Growing Places Investment Fund in 8 commercial investments, including some in our most deprived areas
  • The establishment of Transport for Lancashire has been fundamental to the development of a strategic transport programme to address major infrastructure constraints limiting economic and housing growth and also in supporting the strategic economic ambitions of Transport for the North

The LEP will develop a new Local Industrial Strategy (LIS) which will have at its core people and place to improve the performance of our key towns and cities.

The LIS will support all future investment activity and position Lancashire’s key sectors and supply chain strengths and opportunities.

The strategy will be driven by productivity, innovation and internationalisation and be underpinned by a robust evidence base.

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