All major projects are on track, 12 months on from The Lancashire Enterprise Partnership officially signing up to central government’s Lancashire Growth Deal, says the body.
The initial £234m Growth Deal Fund, one of the biggest ever negotiated with government, was first announced in July 2014 before being increased by a further £17m last January.
The funds were granted to kick-start more than 30 major initiatives across the county linked to economic growth, infrastructure, jobs, skills and regeneration.
In the process it will help to create 8,000 new jobs, 3,000 new homes and will further generate £280m of new public and private investment.
According to the LEP’s latest Growth Deal update, around 20 of the projects are already live, or imminent, with the rest to commence shortly.
Major projects under way, or already completed, include the Blackburn – Bolton Rail Corridor, Broughton Bypass near Preston which is a key part of the LEP’s City Deal initiative, Centenary Way Viaduct improvements in Burnley and the Hyndburn Burnley Pendle Growth Corridor.
Major skills and innovation facilities linked to LEP sector priorities include UCLan’s flagship Engineering and Innovation Centre, Blackpool and Fylde College’s Marine Engineering Centre at Fleetwood, Runshaw College’s Science and Engineering Centre,
LEP chairman Edwin Booth, aid: “The diverse mix of schemes being delivered through this £250m transformational programme of activities reflects that our Growth Deal priorities are fully aligned to those in the LEP’s Strategic Economic Plan for Lancashire,