Lancashire European Structural and Investment Funds Strategy 31
st January 2014Lancashire is one of the largest local economies in the North of England. With a population of 1.4m people, Lancashire's economy generates over £23 Billion in Gross Value Added with 44,000 businesses, supporting nearly 615,000 jobs. As an area with significant economic strengths and key challenges there is potential to enhance sustainable economic growth and generate employment through the investment of European Structural and Investment (ESI) funds.
The Lancashire LEP was established in 2011 and is highly focused in driving forward major initiatives to support economic growth. The LEP has been notionally allocated £232m of ESI Funds for the programme period 2014-20. These funds will be invested as part of the Lancashire Growth Deal with a focus on their use to increase productivity levels for key
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