Inward Investment in Lancashire: Fueling Growth and Prosperity

Lancashire, a county steeped in industrial heritage, is actively pursuing inward investment to revitalize its economy and secure a prosperous future. With a strategic location in the North West of England, a skilled workforce, and a supportive business environment, Lancashire presents a compelling proposition for both domestic and international investors.

The Lancashire Enterprise Partnership (LEP) plays a pivotal role in attracting inward investment. It identifies key growth sectors, develops strategic plans, and works closely with local authorities and businesses to create an attractive investment landscape. These sectors include advanced manufacturing, aerospace, digital technologies, energy, and health innovation.

One of Lancashire’s primary strengths is its robust advanced manufacturing sector. The county boasts a rich history in engineering and innovation, and this legacy continues to thrive. Investments in research and development, coupled with a highly skilled workforce, make Lancashire an ideal location for companies seeking to establish or expand their manufacturing operations. The presence of world-class universities like Lancaster University and the University of Central Lancashire further enhances the region’s appeal by providing a pipeline of talent and driving innovation.

The aerospace sector is another key driver of inward investment. Home to BAE Systems, a global leader in defense and aerospace technology, Lancashire offers a highly specialized ecosystem for aerospace companies. Opportunities exist for businesses involved in manufacturing, engineering, research, and supply chain management within the aerospace industry.

Beyond traditional industries, Lancashire is embracing the digital revolution. Investments in high-speed broadband infrastructure and a growing digital skills base are attracting technology companies and fostering innovation in areas such as software development, data analytics, and e-commerce. The county is also actively promoting the development of digital hubs and co-working spaces to support the growth of its digital economy.

To further incentivize inward investment, Lancashire offers a range of financial and non-financial support programs. These include grants, tax breaks, and business support services designed to help companies establish and grow their operations. The LEP also works closely with investors to navigate the planning process and access the necessary infrastructure and utilities.

Successful examples of inward investment in Lancashire include expansions by established companies in the aerospace and manufacturing sectors, as well as new investments by companies in the digital and energy industries. These investments have created jobs, stimulated economic growth, and enhanced Lancashire’s reputation as a leading business destination.

In conclusion, Lancashire offers a compelling investment proposition, combining a strong industrial heritage with a forward-looking vision for the future. By focusing on key growth sectors, fostering innovation, and providing comprehensive support to investors, Lancashire is actively working to attract inward investment and secure a prosperous future for its residents and businesses.