Lancaster University Management School is taking a leading role in a £32m government programme to boost economic growth in some of England's fastest growing cities.
Using the Management's School's expertise in supporting SMEs and its outstanding reputation for delivering complex funding programmes, the University is working in partnership with government departments and the Cabinet Office’s Cities Policy Unit on an exciting programme of support to 15 growth areas across the UK.
The programme, which is supported by the government’s Regional Growth Fund, is designed to help cities to support local businesses and provide co-ordinated access to national and local business support packages.
The first wave of city deals focused on the eight largest cities outside of London. Wave 2 involves 15 growth areas including some of the largest cities outside of London and their wider areas. These are the cities that experienced the highest population growth between 2001 and 2010.
Cities that have received funding from the programme include Coventry, Bournemouth, Brighton and Hove, Reading, Hull and Stoke.
Lord Heseltine said: “By empowering the right people and institutions and providing funding to support businesses, it is possible to enhance prospects and economic growth within local areas. Growth Hubs are a vital part of the Government’s plans to make it easier for businesses to start and grow by ensuring business support is simpler, more joined up and easier to access.”
View a timeline of the Wave 2 Growth Hub: One Year On to see the milestones of the journey so far.
For further information:
- See the government website for further information on City Deals, Wave 2
- For more information on connected initiatives at LUMS, contact Professor Ellie Hamilton on firstname.lastname@example.org, or by calling 01524 593916.