Lancashire is a powerhouse of potential, home to 1.6 million people over 55,000 businesses, and contributing £40 billion in GVA. As one of the largest economies in the North, Lancashire is poised to take a leading role in driving national economic growth. With more than 728,000 jobs its economy is underpinned by world-class capabilities in advanced engineering, manufacturing, nuclear, cybersecurity, artificial intelligence, and clean growth.
Our unique energy assets, growing investments in defence, security, and technology, and our ability to reinvent traditional industries position us as a powerhouse of innovation and resilience. A key driver of this strength is the clustering of our high-value industry sectors, which fosters collaboration, accelerates innovation, and enhances our appeal to inward investors.
However, the county faces several challenges, including skills gaps in crucial sectors, varying quality and availability of infrastructure across the county, retaining graduates, and economic inactivity linked to inequalities in health. The LCCA is designed to tackle these issues through integrated strategies and targeted investment, ensuring that all communities benefit from growth and development.