Decision details

Andy Walker presented a report on the provision to support scale-up businesses within Lancashire.  The report highlighted that according to Companies House data, there were reported to be an estimated 157 scale-ups in Lancashire.  Members were advised that some of the top 50 scale-up businesses would form part of the research completed by Sue Smith, UCLAN which will provide some further information.

A general discussion took place on whether the focus should be on those businesses which are already growing or those who are not yet at that point, and the need to continue to support growth which may be separate from the priorities and needs for Lancashire in terms of where growth is required.

Resolved: That the Board recommends that the LEP look at;

  i.  Progress actions in respect of making contact with and further investigating the needs of Lancashire Scale-Ups through its current programme of research and Business Support

  ii.  Map and engage Lancashire's "entrepreneurial ecosystem" and facilitate business access to stakeholders and partners utilising the Boost Bespoke Brand to frame this offer

  iii.  Work with the Skills Hub to feature opportunities for young people in scale-ups and improve the supply of talent needed by growing businesses

  iv.  Further explore the priorities for business support investment as existing parameters of factors such as eligibility for European funding change

  v.  Examine the mix of fully funded and charged for services, as the Growth Hub moves forward