Lancashire's Bold Economic Growth Plan: A Collaborative Vision

Over 70 leaders from Lancashire's local government, business sectors, and key stakeholders convened at Brockholes Nature Reserve on December 4th. Their shared objective? To unlock ambition, growth, and investment through the power of collaboration. This significant gathering, hosted by Rosebud (part of Lancashire County Council’s Business Growth Service), served as a powerful call to action, emphasizing the potential of cross-sector partnerships to foster a thriving business environment.

Lancashire's Devolution Deal: A Catalyst for Change

The event held particular significance as one of the first major gatherings following the announcement of Lancashire’s devolution deal by the new Government. It underscored the urgent need for collective action to propel economic growth, support businesses, and achieve Lancashire’s ambitious goals. Councillor Phillippa Williamson, Leader of Lancashire County Council, perfectly encapsulated the event's spirit, stating, “This devolution deal enables us to speak with one voice, and now is the time to deliver through action.” This sentiment was echoed by Councillor Aidy Riggott, cabinet member for Economic Development Growth, who highlighted the crucial roles of initiatives like the Lancashire Business Board, the early-stage Investment Board, and the Business Growth Service in shaping the region's economic future.

Key Initiatives Driving Lancashire's Growth

The Lancashire Business Board, a newly formed body, comprised of industry leaders, plays a pivotal role in facilitating private sector involvement in shaping local growth plans. The board actively encourages widespread feedback from small businesses through established networks. This collaborative approach ensures that local economic strategies are both ambitious and grounded in the real needs and aspirations of local businesses.

Rosebud: Fueling Lancashire's Entrepreneurial Spirit

Delegates also heard from Lancashire’s business support, finance, and funding community, including Rosebud. Rosebud, with its impressive 35-year history, offers loans ranging from £25,000 to £100,000 to Lancashire businesses. This financial support, coupled with strategic guidance, proves vital for businesses navigating growth and expansion. Entrepreneurs James Cole of Panache Cruises and Derry Green of The Secret Garden Glamping Company shared their success stories, both citing Rosebud as instrumental in their growth journeys. This event marked a renewed focus for Rosebud, concentrating on supporting early-stage and growing businesses, preparing them for investment and opening up new opportunities.

Rosebud's Impact and Future Vision

Martin Emmott, Rosebud Fund Manager, expressed his enthusiasm for the collaborative spirit demonstrated at the event. He highlighted Rosebud's commitment to helping Lancashire businesses reach their full potential, offering not only financial assistance but also comprehensive strategic support. Rosebud aims to identify and support more businesses like Panache Cruises and The Secret Garden Glamping Company, helping them to thrive and contribute to Lancashire's economic prosperity. The fund's commitment to supporting diverse businesses is evident in its stated aim to encourage opportunities for female and diverse founders. This focus on inclusion enhances the fund’s positive influence on the local business landscape.

Unlocking Lancashire's Potential: A Collaborative Future

The event at Brockholes Nature Reserve served as more than just a gathering; it was a powerful demonstration of Lancashire's collaborative spirit. The shared vision among government, businesses, and stakeholders offers promising opportunities for economic growth and investment. The success of initiatives like Rosebud highlights the impact of targeted financial support and strategic guidance for local businesses. Lancashire is actively striving to create a supportive and inclusive environment for diverse businesses to thrive, fostering both economic and societal progress. The collaborative efforts showcased at this event promise a future of continued growth and success for the region. Future events will continue to elaborate on Lancashire County Council's plans and progress on economic growth initiatives. These include collaborations with Lancashire Business View for The Festival of Business and hosting the Convention of the North.

The combined power of Lancashire's devolution deal and the collaborative spirit demonstrated at this event paints a vibrant picture of the region's future economic prosperity. The impact of Rosebud and other initiatives promises to transform the landscape of Lancashire's business community, fostering growth and innovation for years to come. This collaborative approach, focused on both financial support and strategic guidance, will significantly shape the future of Lancashire’s economy.