Innovation Plan

The Lancashire Innovation Plan

Innovate Lancashire is the delivery partner for the Lancashire Innovation Plan (LIP).

Developed by Lancashire County Council in partnership with the Lancashire Innovation Board – a cohort of senior business leaders, innovation experts and academics drawn from across Lancashire – the LIP is an ambitious five-year economic development and inward investment strategy for the whole of the county.

In addition to driving economic growth and unlocking investment, the LIP is further underpinned by a commitment to delivering positive social change: creating new opportunities and improved outcomes for all of Lancashire’s citizens.

Below you can find more details about the plan, its objectives, and how it is being implemented. To download the full plan, click here.

What is innovation?

The definition of innovation which informs our approach is:

The process of bringing about new ideas, methods, products, services, or solutions that have a significant positive impact and value. It involves transforming creative concepts into tangible outcomes that improve efficiency, and effectiveness, or address unmet needs.

The Lancashire Innovation Plan: A Blueprint for Growth

As the cradle of the industrial revolution, Lancashire has a long tradition of embracing innovative thinking which has gone on to change the world. Today, 250 years since Richard Arkwright’s disruptive cotton spinning technology helped to reshape the global economy, our county is again on the cusp of another transformative chapter in its rich industrial history.

Through the combination of our unrivalled strengths in sectors like advanced engineering and manufacturing, clean growth and energy, aerospace and future flight, and defence and security; Lancashire’s agile and responsive supply chains; our entrepreneurial and business-focused universities; and our highly skilled workforce and strong talent pipelines; Lancashire is fantastically placed to nurture and accelerate an innovation-based economy which is truly world-leading.

But to maximise our full potential, the county has recognised it needs a cohesive and pragmatic roadmap which connects our innovation assets, consolidates our significant commercial and academic R&D strengths, and engages with businesses of all sizes and types.

To stay competitive, both domestically and globally, we also need to take a more joined-up and collaborative approach to innovation funding, lobbying, networking, and external communications.

As a result, the county has developed the Lancashire Innovation Plan (LIP) – an actionable growth strategy, with clear and measurable objectives.

 

The 4 Pillars: Lancashire Innovation Plan

The LIP’s objectives are being delivered via four core pillars: Grow, Expand, Connect and Tell. While each pillar has been developed to drive the county’s innovation economy in a very targeted and specific way, they all work together to support the LIP’s overarching vision and mission.

Download a copy

To download the full plan, click the button below:

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