Invest Central Lancashire

The Preston, South Ribble and Lancashire City Deal is a £400M + binding agreement between Preston, South Ribble and Lancashire Councils, the Homes and Communities Agency the Lancashire Enterprise Partnership and Central Government to:

What is the City Deal

Grow the local economy by

£1billion

Create over 20,000 new jobs

Build over 17,000

new homes

How does it work? City Deal Executive will continue to: • co-invest resources

and land to fund major infrastructure

• Agree priorities and make decisions

• Share risk

City Deal Executive needs private sector to:• Believe in the place • Seek out opportunity

and take risks • Promote and Promote • Deliver schemes

Years 1-3 – Achievements Chapter 1

Employment and jobs • 1800 new jobs created • Construction Hub set up• Employment and Skills

Action plan in place

Investment made • £55M - public sector

funding• £55M Lancashire Pension

Fund• £10M - private sector

Years 1-3 – Achievements

Infrastructure delivered• Broughton Bypass under construction• New Hall Lane corridor improvements underway• Penwortham Bypass planning application submitted• Improvements made to key junctions on A582 and

Golden Way dualling complete

Chapter 1

Years 1-3 – Achievements

Homes and land • Over 2000 new homes built and 9000 consented –

more than 50% of housing target• 300,000 new commercial floorspace submitted

for planning• Half of HCA sites now being developed

Chapter 1

Years 4 and more We want to do more, grow more, reach more

Chapter 2

• Expand decision making to include major players like UCLan

• Focus on the Place and the People – what “community infrastructure” do we need to deliver?

• Develop a stronger, quicker, simpler and more efficient pre-delivery local authority response

• Deliver game changing new infrastructure

Invest Central Lancashire • Economic Strength

Second largest GVA increase between 2014 and 2015

• Connected Four major motorways / North West’s third busiest train station

• Skilled One of UK’s largest universities - 36,000 students, 3000 staff

• City Character Historical Harris to Brutalist bus station

• Quality of Life Accessible parks and adventurous landscape

Why Invest Central Lancashire

• Positive economic performance

• Strong Executive and Political Leadership

• An agreed plan and strategy

• Deliverable and viable sites

• “Can do” team approach

WINCKLEY SQUAREHARRIS QUARTERALTUS

UCLan

PRESTON RAILWAY STATION

CUERDEN

SAMLESBURY AEROSPACE ENTERPRISE ZONE

Game-changingdevelopments

“The Samlesbury Enterprise Zone aims to attract thousands of highly skilled, high value jobs to a high quality commercial development in the epicentre of the Northern Powerhouse.”

Andy DelaneyColliers International

Game-changing developments:

Samlesbury Aerospace Enterprise Zone

Fact: Over 100,000 sq m of Advanced Manufacturing and commercial space

Cuerden“Cuerden is a once-in-a-generationopportunity to deliver adevelopment, that will bringeconomic and employmentbenefits to the whole county –including the creation of 4,500new jobs.”

Cllr Jennifer MeinLancashire County Council

Game-changing developments:

Fact: Over 200,000 sq m of logistics, office and retail space.

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Preston Railway Station“The integrated high speed station at Preston will be at the heart of one of Britain’s most connected cities.”

David HigginsHS2 Chairman - Changing Britain: HS2 Taking Root

Game-changing developments:

Fact: 2017 Preston to Manchester 30mins2033 Preston to London 76mins

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Harris Quarter, Preston“The Harris Quarter redevelopment - featuring a state-of-the-art cinema, a re-imagined Harris Museum, a modern market, the Guild Hall and the redefined bus station and Youth Zone – represent a once-in-a generation opportunity to transform Preston city centre into a premier leisure destination.”

Mike Horner Muse Developments

Game-changing developments:

Fact: Over £110M investment planned

Altus, Preston“Altus will be an architectural masterpiece – meeting demand for Grade A office space in the city. It’s of major commercial importance and its stature and size will have an awesome impact on the city.”

Roger ParkerParker & Co

Game-changing developments:

Fact: Suites from 350 sq m to 32,000 sq m.

UCLan “This investment will create a truly inspiring educational environment blending world-class teaching and facilities with green and accessible spaces for the benefit of everyone.”

David TaylorChair of UCLan board

Game-changing developments:

Fact: £200M world class campus development

Winckley Square “The transformation of Winckley Square Gardens can help create a vibrant place where people do business, live, visit and cherish. This is Preston’s little London.”

David GillChairman of the Winckley Square Community Interest Company

Game-changing developments:

Fact: £1.2million restoration of Winckley Square Gardens

ThankYou