
Business Model Innovation
Online peer-learning programme specifically designed to help Lancashire & Cumbrian SMEs innovate within their Business Model to build resilience and flexibility.
About the Programme
This programme is designed to help directors or owner-managers of Lancashire and Cumbrian SMEs, who employ more than three members of staff. The programme breaks business modelling down into three components: Creating, Delivering and Capturing Value. You will visit each of these components in turn and use a blend of theories, models and practical activities to support you to build resilience and flexibility into your business model.
Supported by Boost; Lancashire's business growth hub and Cumbria Growth Hub.
The three half-day sessions will enable you to:
- Articulate and understand value from your customer’s perspective, meeting functional, social and emotional needs
- Look at new, innovative ways in which you could deliver your value proposition to your customers
- Explore a variety of revenue models and income streams to increase resilience
Programme Start:
Cumbria - 28th January 2021
Lancashire - 24th February 2021
Please note: This programme is aimed at ambitious leaders of established businesses who employ 3 or more members of staff.

Programme Elements
Participants will attend one half-day online session per fortnight, which includes a workshop, break-out sessions and offline activities. You'll participate in a range of activities to develop strategic thought processes and skills, and the focus on practical learning means there are no formal assessments.
Online interactive workshops on key topics: Creating Value, Delivering Value and Capturing Value.
Access to leading academics and business experts from world-leading management school
Peer-network support with like-minded SMEs
Access to wider business support opportunities across the University
Get in touch
To discover more about the Business Model Innovation Programme, and how it could transform your organisation, please complete our enquiry form and we'll be in touch shortly.
The Benefits
The programme fully integrates into your business, so you will spend time actively working on your business not in it. The peer network provides the support and the University provides the challenge to your thinking and ways of working. The programme will provide you with the tools to develop a strategic approach to your business and ultimately generate the growth you need.
Blackpool Grand Theatre
Ruth Eastwood from Blackpool Grand Theatre speaks about how the Lancashire Covid-19 Response Programme benefitted her business.
“This LUMS Programme allowed me to open up and share challenges with other business leaders about the impact that Covid-19 had been having on all our businesses. Since taking part in the programme, I have been able to work towards building a stronger and more resilient business model that has helped me deal with the challenges I was facing at the time and also begin to plan for the longer-term, against potential future crises.” - LUMS Covid-19 Response Programme.


"We know that time is precious for the businesses trying to get back on their feet after a turbulent few months so we have designed the programme to be as accessible and effective as possible. Now more than ever, SMEs need to stay alert to potential risks. While Covid-19 is around, and while issues like Brexit, climate change and seismic technological shifts affect us all, developing a culture of innovation around business models is invaluable for a prosperous, stable future." Matt Hutchinson, Project Manager
Costs & Apply
This programme is fully funded, and available to European Regional Development Fund (ERDF) eligible businesses. Businesses must meet the ERDF criteria as below:
- Based in Lancashire or Cumbria
- Employ fewer than 250 full-time employees
- Has an annual turnover less than £40 million
- Has received less than £160,000 of publicly funded support in the last 3 years
- Is business to business
To discover more about the programme, please get in touch with us.
