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Invest Central Lancashire Investment Prospectus

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Invest Central Lancashire Investment Prospectus ISSUE 1 / 2018 INVEST CENTRAL LANCASHIRE Game-changing opportunities across Preston and South Ribble / IMAGE Lancashire Central 1 INVEST IN CENTRAL LANCASHIRE / A GAME-CHANGING OPPORTUNITY @LancsCityDeal / #LancsCityDeal “City Deal is Central Let’s do Lancashire’s biggest business In 2013, the City Deal was New roads have already been investment in over secured by a partnership between constructed, thousands of new Lancashire Enterprise Partnership, homes built and occupied, with a Lancashire County Council, Preston similar number of jobs created. City Council, South Ribble Borough 50 years. It’s game- Council and Homes England. This investment has also brought to fruition a raft of new development The value of City Deal is £434m, and investment opportunities. aimed at transforming the changing.” transport infrastructure in Central Central Lancashire is an important Lancashire, creating a raft of economic area at the heart of the new development opportunities county’s growing confidence, with a Jim Carter that will enhance the Preston and joined-up private and public sector Chair, Preston, South Ribble & Lancashire City Deal South Ribble area. and ready-to-start investment and development opportunities. City Deal is Central Lancashire’s biggest investment in over 50 We expect City Deal to stimulate years. It’s game-changing. more than £1bn of economic growth across Preston and South Ribble. While the value of City Deal We want you to be part of that. is huge, the return on this investment is much greater. Let’s talk… It is transformational. Jim Carter Central Lancashire has always Chair, Preston, South been a great place to live, work Ribble & Lancashire and do business but with the City City Deal / IMAGE Deal investment, this area is being Samlesbury Aerospace Enterprise Zone transformed to a new level. 2 3 INVEST IN CENTRAL LANCASHIRE / A GAME-CHANGING OPPORTUNITY @LancsCityDeal / #LancsCityDeal Central Lancashire is undergoing a huge transformation thanks to the £434m Preston, South Ribble and Lancashire City Deal. Key facts: £434m Welcome to Central 1 0 10 year £434m The construction of vision for Preston infrastructure 1,000,000 sq m of Lancashire; the and South Ribble investment into employment space Preston and heart of the UK. South Ribble CUMBRIA Creation of 20,000 Creation of a new 17,000 new private sector jobs motorway junction homes and major roads YORKSHIRE BARROW-IN-FURNESS Morecambe Lancaster LANCASHIRE New schools, open Better public Stimulating £1bn of spaces and health transport, more economic growth in Fleetwood Clitheroe facilities road space and the region CENTRAL Nelson reduced congestion LANCASHIRE: Blackpool LANCASHIRE BRADFORD LEEDS The heart of the UK Preston Accrington Burnley Lytham SOUTH RIBBLE Blackburn Leyland Rawtenstall Chorley City Deal brings to fruition a number of great investment Ormskirk Skelmersdale opportunities in Central Lancashire. lancashirelep.co.uk/city-deal LIVERPOOL MANCHESTER @LancsCityDeal #LancsCityDeal 4 5 INVEST IN CENTRAL LANCASHIRE / A GAME-CHANGING OPPORTUNITY @LancsCityDeal / #LancsCityDeal Employs One of the largest In 2017, the Northern 85,000 economies in the Northern Powerhouse Minister, Jake working in the Berry, praised Lancashire’s manufacturing Powerhouse with unified ‘We Are Lancashire and engineering – the Place for Growth’ sector with investment campaign and UK’s largest the key role that the county concentration can play in driving the of aerospace northern economy. employment 52,350 He made the comments whilst visiting the Lancashire stand at businesses generating MIPIM UK at London’s Olympia. Number 1 in the UK Central Lancashire sits at the heart of a county making for aerospace with Mr Berry, said: its name on a national and international level. “Here at MIPIM I’ve been 500 talking about the huge Driving the growth of the county is the Lancashire aerospace supply contribution that Lancashire chain companies; £29bn can make to the Northern Enterprise Partnership (LEP) which was established in per year 2011 as a private sector led public/private partnership 4th largest Powerhouse, and about the aerospace cluster huge amount of international for Lancashire, chaired by Edwin Booth. investment we can bring into in the world Preston is the Lancaster University is recognised as one of the world’s top 50 universities the North of England. third busiest and ranked number 6 in the UK. It was Since that time, the LEP has developed Led by Marketing Lancashire, a railway station in also voted ‘University Of The Year 2018’ “As a proud Lancastrian, and a growth plan valued at nearly £1bn, a new #WeAreLancashire campaign Blackpool is the North West a proud Lancashire MP, I’m level of performance only bettered by has been devised to articulate the UK’s most delighted that our great county a few larger Core City LEPs with much Lancashire’s strengths and assets, its with over UCLan is one of the country’s 10 largest is represented here at MIPIM. greater capacity. attractiveness in which to live, visit visited seaside 5m annual universities and first modern university and do business; a story that defines destination passenger trips in the UK to be recognised by the QS “We are putting the wonderful Over 50 major initiatives are either where the area has come from and attracting World Rankings things we have to offer in planned or underway across all parts where it is going in the future and how Lancashire into the shop of Lancashire, with the majority of key it can contribute to achieving shared 18m visitors window, for international each year Edge Hill University is currently programmes being delivered ahead objectives of both the LEP and wider Linked by ‘University of the Year’ for student investors to come and buy.” of schedule and exceeding delivery Northern Powerhouse. 6 major retention by The Times and Sunday targets. Times Good University Guide 2018 Two major #WeAreLancashire motorways This activity is underpinned by a initiatives have included taking the A potential robust Strategic Economic Plan Lancashire narrative to MIPIM UK, and global leader in Lancashire’s colleges have extensive (SEP) and a business case approach MIPIM in Cannes, the world’s leading the development networks of public and private sector 30 minutes partners and currently work with more informing key decision making. and largest event for real estate of Small Modular professionals. from Manchester than 15,000 businesses, supporting Nuclear Reactors their staff in apprenticeships and The LEP has enabled local partners to airport bring forward new initiatives of scale Lancashire has always had other training underpinned by innovative investment world-class credentials and now frameworks, particularly the LEP’s it is showcasing them on a global Lancaster University, Edge Hill L-R: Jim Carter, Jake Berry MP, £320m Growth Deal. stage, with City Deal and Invest Number 1 in the Access to University and Blackpool & Fylde Councillor Michael Green, David Taylor Central Lancashire forming a UK for advanced 2 sea ports College have all been awarded the key message. manufacturing ‘Teaching Excellence Framework Gold’ 6 7 INVEST IN CENTRAL LANCASHIRE / A GAME-CHANGING OPPORTUNITY @LancsCityDeal / #LancsCityDeal Development #1 “Altus will be an architectural masterpiece – meeting demand for Grade A office space in the city.” City centre Roger Parker Parker & Co / 02 development GAME-CHANGING FACTS Central Lancashire has 1m+ a high business density 200,000 sq m development with 13,000 companies sq m in additional/ opportunities planned in City Deal that support accelerated commercial over the period of development stimulated the programme 180,000+ by creation of HS2 hub jobs station Employment growth Its large and productive It has one of the fastest is anticipated to be economy has a GVA per growing economies in the 5% in next 10 years head above UK average north and outperforms UK benchmarks / 01 Preston is a confident and competitive benchmarks. These are forecast to redevelopment of under-used sites Winckley Square Horrocks Quarter A fast and city, centrally located within continue over the next 10 years. and buildings and proposals for high- A wonderful Georgian square, A large area of land and buildings Lancashire and the main economic Its large and productive workforce, quality, mixed-use development will modelled on similar squares in to the east of the city centre which growing hub of Central Lancashire. with strong business and skills be actively supported. London, Winckley Square is now an can claim to be at the heart of the infrastructure support, provides an established and highly sought-after Industrial Revolution and which is now commercial It is undergoing its biggest investment ideal location for new investment and Altus location for high value professional, undergoing an exciting renaissance led in generations. The £200m UCLan growth-hungry businesses. At the heart of the city centre, Altus legal and accountancy businesses, by the Queens Central project by the city centre Masterplan, City Deal infrastructure is a game-changing landmark Grade with new creative and digital Brookhouse Group. investments and HS2 will provide the Preston has a range of occupier and A office development opportunity, companies recently choosing it as city with a huge economic stimulus investment opportunities. providing up to 345,000 sq ft of office their preferred location. Major national retail and leisure uses and employment demand. accommodation with retail and leisure have already been signed up with
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