Regional Strategies

• Lancashire LEP

  • Aims to generate 50,000 jobs by 2023
  • 1 billion pound growth plan
  • Used to be textile hub, now thriving business area
  • Provides 20 million pounds of transport improvement
  • Provides 62 million BT investment
  • Extended broadband over 97% of the region
  • Created 6,000 jobs in high skill engineering sectors
• Financial Aid

  FDI encouraged

  • Mitsubishi opened at Livingston, Edinburgh in 1975
  • Nissan at Washington in Tyne and Wear opened in 1984

  Government and EU

  • Helped businesses
  • Improved infrastructure e.g. Liverpool 2, HS2, M62, and Mersey Gateway
• Northern Powerhouse


  New government strategy (2015)

  • Develops economy in Northern cities
  • Developing tourism in rural North
• Enterprise zones

  • 45 in UK
  • Encourages new businesses and jobs in areas with no pre-existing businesses
  • Provides large business rate discounts
  • Super-fast broadband
  • Financial allowances for machinery
  • Simplify planning regulations so businesses can set up quickly

  
• Local Enterprise Partnerships

  • 38 in England
  • e.g. Lancashire LEP
  • Voluntary partnerships between businesses and local authorities to identify business needs and encourage large companies to invest in local businesses