BAE Systems
The plan looks at ways to develop that central belt, which contains most of the county’s major employment zones, largest population centres and “strategic business innovation assets” into a “cohesive economic area”.
That in turn will create a “super corridor” of innovation assets, further and higher education institutions, economic clusters and strategic development opportunities for new private investment.
Lancaster is highlighted as “home to significant clusters” of activity, with its strengths in renewable energy and health innovation connecting to that central belt through the M6 and West Coast main line.
That ‘ask’ includes investment in the nuclear sector and backing for the autonomous flight work being carried out in Lancashire.
Another big ask, not unsurprisingly, focuses on the need for strategic transport projects to help unlock the county’s potential.
That shopping list includes improvements to the road network, including M65 upgrades and work towards a fourth Ribble crossing at Preston, along with strategic rail upgrades that involve better connectivity to neighbouring city regions and assets such as Manchester Airport and the Port of Liverpool.
Crucially the creation of the plan has the backing of the county’s business board,
Lancashire has all the ingredients for economic
success – an enterprising business community, strong partnerships, and ambitious plans for growth
A major part of the document, which went out for public consultation in late February, centres on the county’s framework of “nationally significant economic assets”.
These include its strengths in military aircraft and nuclear fuel production, its cyber capabilities and the county’s contribution to food security and the journey towards net zero.
The document declares: “At a time of heightened conflict and uncertainty, Lancashire’s contribution has neve been greater, drawing on some of the area’s largest and most successful employers, assets and products.”
The plan calls for the national recognition of the strategic importance of the county’s industrial strengths, its global export programmes and opportunities “to further leverage national investments in our world-class advanced engineering and manufacturing corridor.”
It also makes the case for new investment “to drive the industries of the future from the capabilities of today”.
Mo Isap LANCASHIREBUSINES SV
IEW.CO.UK
an independent group whose aim is to deliver a more prosperous county.
Its chairman Mo Isap says: “Lancashire has all the ingredients for economic success – an enterprising business community, strong partnerships and ambitious plans for growth.
“As business leaders, we are committed to ensuring this plan drives real change, attracts investment, and creates opportunities that will benefit businesses, communities and residents across Lancashire.”
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