Boost, Lancashire’s Business Growth Hub, has been given a further £3.2million to continue supporting the county’s business community with a wide range of fully funded support services.
The financial commitment from Lancashire County Council and the European Regional Development Fund (ERDF) will mean Boost’s current support offering will continue until June 2023.
The council will provide £1.3m while the ERDF will contribute £1.9m to Boost, which has so far supported 8,000 businesses helped to create 3,000 jobs and generated more than £100m in economic activity since its launch in July 2013.
During its next phase, which began this month and runs to June 2023, Boost will support 800 businesses, create 880 jobs and support 100 new business start-ups, adding £4m to the Lancashire economy.
Lancashire County Council will also review Boost’s support structure during this period to ensure that, after June 2023, its offering continues to be aligned to the changing needs of business.
During this next phase Boost will continue its direct support for four fully funded programmes, including:
• Business Relationship Management; a dedicated advisory service helping business owners navigate the local, regional and national public and private sector business support landscape to find the right support for them.
• Flying Start: a dedicated business support programme for start-ups and new businesses.
• Growth Mentoring: providing strategic mentoring support from experienced business people to help business owners tackle specific challenges and capitalise on opportunities.
• Boost Bespoke: a dedicated programme which provides bespoke support to help ambitious Lancashire businesses scale up, access new markets, boost productivity and become more resilient to change.
The services will be delivered by a range of expert organisations who will work with the county council to ensure all businesses receive the best possible support.
Andrew Leeming, Boost programme manager, said: “During the next phase of Boost we are keen to help Lancashire businesses that haven’t used our support yet.
“If you’re a business owner or entrepreneur looking to grow, develop your products or processes or you just need some support to tackle an issue you are facing, get in touch with Boost and we will make sure you get the right support.
“If you have used Boost before, we would love to have another conversation with you. As well as our own funded support programmes, we work with a wide range of support services across Lancashire.
“Whatever your challenge, we will be able to connect you to Lancashire’s brilliant business support ecosystem. It all starts with a conversation with Boost.”
Lancashire business owners and managers can get in touch with Boost by calling 0800 488 0057.