Lancashire Enterprise Partnership unveiled a 10-year roadmap for global growth. This includes the new internationalisation strategy for the county.
This has been launched along the government’s International Trade Week. Full 88 page strategy and 20 page summary outlines how Lancashire’s situation is in terms of global commercial activity.
The strategy also outlines how internationalisation can considerably grow local economy
More proactive and integrated approach to international markets can create investment opportunities to global investors.
The programme focuses on internationalisation pillars of exports, foreign investment, capital investments, innovation and the visitor economy.
These pillars have been used to assess how the emerging sectors of Lancashire relate to global trends and anticipated international demand.
The analysis is designed to make Lancashire’s economy more active, competitive and generate more investment from overseas
Opportunities for growth are directly linked to Lancashire’s industrial sectors
These sectors include advanced manufacturing, aerospace, energy, food production, tourism, digital industries and low carbon technologies. The strategy also identifies growth in emerging sectors such as cybersecurity and health innovation.
LEP chair, Debbie Francis, said: “This document is the first deep dive we’ve done into Lancashire’s global economic capacity and capabilities for many years. But as well as a thorough assessment of where the county is now, both in a post-COVID and post-Brexit context, what’s really exciting is the roadmap it sets out for Lancashire’s future internationally.
“That includes the international opportunities being driven by both our traditional industrial strengths and through numerous emerging markets, together with our growing cluster of word-class R&D assets and in-demand, cross-cutting technology specialisms.