About the LEP
The Lancashire Local Enterprise Partnership (LEP) is a creative collaboration of leaders from business, universities and local councils, who direct economic growth and drive job creation.
The region’s business base is broad and buoyant, with thriving towns and cities as well as excellent schools, colleges and universities.
The LEP was formed in 2011 to make Lancashire the location for business growth and inward investment. We aim to do this by ensuring all our companies have easy access to high-grade support services that promote sustainable expansion.
Since the LEP's inception in 2011, we have established and maintained a strong strategic focus. This has enabled us to secure a £1 Billion growth plan and bring forward to bring 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 are five most deprived areas reflecting the LEPS ambition to drive inclusive economic growth.
We have also established a strong reputation and track record of delivery and track record of delivery, which is recognised by government and our public and private sector partners.
We have achieved this through the delivery of innovative initiatives of scale including;
- The £450M Preston, south Ribble and Lancashire city deal which is recognised as one of the country's leading City Deals and which is on its way to creating 20,000 new jobs and nearly 20,000 new homes;
- Our £320M Growth Deal, the largest secured outside the core city regions, and which is on track to deliver up to 11,000 new jobs, 3,900 new homes, and £1.2 Billion in new private sector investment by 2021;
- Our Lancashire Enterprise Zone cluster programme, based on 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;
- Our Employment and Skills Board is one of only a few to have almost fully invested the LEP's £30M Growth Deal Skills Capital Fund;
- We have fully recycled our £20M Growing Places Investment Fund in 8 commercial investments across Lancashire, including in some of 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 Lancashire Enterprise Partnership has a strong record on progressing cross-boundary and cross-LEP initiatives. The Board remains alert to cross-boundary opportunities with regional and national partners that enable the LEP to both scale-up and progress key initiatives consistent with SEP priorities. The LEP also plays an active role in NP11 and has led on two cross boundary Science & Innovation Audit submissions.
It is the responsibility of the LEP Board to consider and agree all key policy and investment decisions, including proposals to develop and engage with cross-boundary and cross-LEP initiatives. When considering and approving the LEP's engagement in cross-boundary initiatives, there must be evidence of the strategic value of this proposed activity along with the clear identification of any governance and/or resource implications.