News / 2,888 Lancashire Businesses Boosted By Growth Hub

Lancashire’s business growth hub, Boost, has surpassed another major milestone after helping 2,888 businesses in the county to access business support.

Latest figures show Boost has also led to the creation of an estimated 291 new jobs since January 2016 when the growth hub secured £7.8m of funding to run for a further three years.

In that time 119 new businesses have been established and £3.5m of new economic activity has been generated.

Boost is led by the Lancashire LEP (Local Enterprise Partnership) and Lancashire County Council, and supported by funding from the European Regional Development Fund (ERDF).

A wide range of free and part-funded business support is available through Boost in areas including mentoring, access to finance, innovation, skills and training.

County Councillor Michael Green, Cabinet member for economic development, environment and planning, said: “We’re approaching the half way point of the Boost funding period and these latest figures add up to a very positive mid-term report for the business growth hub.

“There have been some tremendous success stories of existing businesses and start-ups launching new products and services and creating new jobs. There’s no doubt that Boost has led to increased economic activity in the county.

“The Cabinet recently committed to providing £1m in match funding to help us to attract funding and continue Boost to the end of December 2021. We’ve already seen a lot of success from Boost and we’re determined to continue this important work.”

Read more at The Bay

2,888 Lancashire Businesses Boosted By Growth Hub