£7.2m Boost for Business Growth in Lancashire

Lancashire’s largest ever business support programme aimed at growth-hungry businesses is now under way.

Boost Business Lancashire (Boost) is the name for the new £7.2m Lancashire Business Growth Hub, which has been developed by the Lancashire Enterprise Partnership (LEP).

Boost aims to grow the county’s economy by £20m, create at least 1,200 new jobs and safeguard 700 more by 2015.

The service will be delivered through a partnership between Lancashire County Council, Community & Business Partners, Lancaster University, Regenerate Pennine Lancashire (Regenerate), University of Central Lancashire (UCLan) and Winning Pitch.

£3.6m of funding has been provided by the European Regional Development Fund (ERDF).

Edwin Booth, chairman of the LEP, said: “Lancashire's ambitious and inspirational business leaders hold the key to growth in the county. We want to help them take control of business growth by bringing together firms with high growth potential and giving them the tools needed to realise their ambition.

“Whether a business has specific growth plans or not, the business support landscape for growing businesses is complex and quite often business owners and directors don’t know where to turn.

“We’re aiming to provide a unique service that allows decision makers to start the growth conversation, giving them simple access to world-class advice, some of it funded.

“Through the LEP, we're adopting a private sector focus to the programme. Our primary target is to help ambitious, growth-hungry businesses looking to realise their potential.

“It’s an exciting project – the biggest of its kind for ambitious businesses in Lancashire – and one that will act as a catalyst for growth in the county’s economy.”

Boost will offer a range of services, some 100% funded, some part-funded, including:

• Growth Mentoring by Community & Business Partners; providing high growth mentoring support through successful business leaders who have already worked through similar challenges.
• Lancashire Forum; an exclusive leadership peer-to-peer networking and development programme run by Lancaster University.
• Lancashire LEAP; led by Winning Pitch and Regenerate Pennine Lancashire, providing advice to pre-start and early start businesses.
• UCLan’s Innovation Clinic; aimed at supporting advanced manufacturing and engineering companies develop new products and move into new markets.
• Winning Pitch’s GrowthAccelerator; an expanded version of the national GrowthAccelerator programme.

In addition, Boost will offer support through a pre-selected group of private sector advisory firms that specialise in helping growing businesses.

County Councillor Jennifer Mein, Leader of Lancashire County Council, said: "We want a strong and sustainable economy here in Lancashire. It's important that we have the right conditions for business growth.

"By bringing together expertise from the public and private sectors, Boost will help to bring about this growth and create new jobs in the county."

Andy Walker, Head of Business Growth & Innovation at Lancashire County Council’s economic development service, said: “We've taken the time to make sure that we have the right partners in place. We’ve brought together leading-edge specialists, all with a track record of supporting growing businesses.

“We have a wonderful commercial pedigree in Lancashire and this programme can offer something for any ambitious company from areas such as leadership development, finance, innovation or business development.”

Businesses looking to sign up to the programme can do so through a new website www.boostbusinesslancashire.co.uk or call 0800 488 0057.

ENDS.

For further information, contact:

Andrew Taylor, Emma Booth or Simon Turner, Freshfield

01772 888400 / [email protected] / [email protected] / [email protected]

Stephen Axon, communications service, Lancashire County Council

01772 533 194 / [email protected]   

Notes to editors:

Boost Business Lancashire (Boost) is the £7.2million Lancashire Business Growth Hub led by the Lancashire LEP (Local Enterprise Partnership). The aim of Boost is to grow the county’s economy by £20m and create at least 1,200 new jobs and safeguard 700 more by 2015.

The role of Boost is to help growth-hungry Lancashire businesses realise their potential by providing simple access to a range of leading-edge funded programmes, delivered by specialists with a track record of growing established and innovative start-up businesses.

The service has been developed and will be delivered via a partnership between Lancashire County Council, Community Business Partners, Lancaster University, Regenerate Pennine Lancashire, UCLan and Winning Pitch, with £3.6million of funding provided by the European Regional Development Fund (ERDF).

Boost also helps businesses access specialist private sector business support, as well as other nationally funded programmes, where relevant.

The Boost project is part financed by the European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs. For more information visit www.gov.uk/browse/business/funding-debt/european-regional-development-funding