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January 2019
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County’s Business Growth Hub lands £6m three year extension AN award-winning business support service that’s helped over 5,000 Lancashire businesses has received a significant financial boost that will enable it to continue until 2021. Boost Business Lancashire, the County’s Business Growth Hub, has been given £6m to continue delivering wide ranging support for ambitious high growth businesses and start-ups. Since its inception in July 2013, Boost has created over 2,200 new jobs and helped more than 600 new businesses get started, adding £74m of new economic activity to the Lancashire economy. The next phase of Boost aims to support an additional 1,450 businesses in the County, creating over 1,350 new jobs as well as helping to establish a further 200 business start-ups in the region. Edwin Booth, chair of LEP, said: “The LEP has always recognised that ambitious and innovative SMEs are the lifeblood of
Lancashire’s thriving business community and the Boost programme continues to support them as they strive for growth. “With challenges such as Brexit, and increasing competition from other UK regions and globally, small companies in particular can benefit massively from tapping into Boost’s resources. In addition to signposting businesses to relevant national and regional support programmes, Boost directly funds four support programmes for Lancashire businesses. These are delivered by partners chosen through a procurement exercise: • The Growth Support Programme, delivered by Winning Pitch and Enterprise4All, offers specialist masterclasses and coaching for highgrowth start-ups and businesses trading for less than three years. • Growth Mentoring, delivered by
Community & Business Partners and Orvia which provides one-to-one strategic mentoring support from experienced business people who help business owners tackle growth challenges. • Boost Bespoke, delivered by Winning Pitch, East Lancashire Chamber of Commerce and North and West Lancashire Chamber of Commerce offers bespoke support to help ambitious Lancashire businesses scale up, access international markets, boost productivity and become more resilient to change. • Business Relationship Management which is delivered by Growth Lancashire, offers dedicated sectorspecialist account managers to engage with Lancashire businesses. As part of the procurement process, Freshfield has been appointed to manage
the marketing of Boost to ambitious businesses across the county. Andrew Leeming, Boost programme manager at Lancashire County Council, said: “It’s wonderful news. We’ve been listening to businesses across the region to evolve the programmes and to understand what kind of support they need going forward." County Councillor Michael Green, cabinet member for economic development, environment and planning, said: "Our priority is to help Lancashire’s businesses to grow, creating new jobs for local people and growing the County’s economy. Boost is a key part of this strategy, by giving ambitious local businesses simple access to business support to help them realise their ambitions. If you’re determined to grow in 2019, Boost should be part of your Growth Conversation.”
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