A new funding scheme to foster business growth and innovation in Lancashire has been announced.
Lancashire Innovates is a pilot initiative aimed at stimulating a culture of continuous growth by maximising ideas and skills already present in businesses across the county.
Beginning in the New Year, the programme will provide subsidised training worth an average of £35,000, to help 30 Lancashire- based businesses.
The scheme has been developed by Inovaris with Lancashire County Council, in partnership with PERA Training, and Ingeus.
Commenting on the new initiative, Andrew Leeming, Senior Project Officer at Lancashire County Council, said: “Innovation isn’t just about technology, universities and inventors – the best ideas often come from within your own company.
“The programme will see between 8 and 13 people from each company benefit from intensive training, with a focus on increasing employees’ knowledge to improve products or services, processes, marketing and the overall business structure.”
Pera Training has already successfully delivered aspects of this programme in other parts of the UK.
Companies who took part in the training have reported substantial benefits.
Ben Wilson, Head of Organisational Innovation at Pera Training, said: “Innovation is a key differentiator – perhaps the key differentiator – separating winning companies, organisations and geographies from their competitors.
“Our programme seeks to build on the positive innovation activities within the region and support the development of a successful Lancashire ‘arc of innovation’,” he added.
Lancashire Innovates is supported by the European Social Fund.