05 September 2013
The town received the accolade for commitment to small and medium sized businesses
Burnley is celebrating after being named the most enterprising place in Britain.
The town, which is home to the University of Central Lancashire’s (UCLan) Burnley Campus, received the accolade for its on-going commitment to support small and medium sized businesses and for successfully reframing perceptions of the area.
The Burnley Bondholders scheme sets Burnley apart from the rest of Britain. It is an initiative that brings together more than 100 local firms that work together to promote Burnley as a place for business. Through the consortium’s combined passion and hard work to promote local enterprise through media channels they have attracted £10 million to the area.
It stood out from other entries in this year’s ‘most enterprising place’ category of the Enterprising Britain Awards because it demonstrated how collaborative thinking can make a real difference to an area.
“The Burnley Bondholders scheme is reinvigorating the local economy and helping to change perceptions of Burnley.”
The celebrations, which attracted interest from the national media, took place outside UCLan’s Burnley Campus. The multi-million pound investment has played vital roles, not only in offering students a place to study, but in working with many small and medium sized businesses in the town. The University took major strides to extend its reach within the local manufacturing sector with the creation of the Centre for Advanced Digital Manufacturing Technologies, which is led by Professor Lik-Kwan Shark.
Staff from many local businesses attended to acclaim the outstanding achievement. Burnley was one of four UK winners from a record number of 44 entries to this year’s Enterprising Britain Awards.
Business and Enterprise Minister Michael Fallon said: “The Burnley Bondholders scheme is reinvigorating the local economy and helping to change perceptions of Burnley. Initiatives like this are working hard to boost growth and thoroughly deserve recognition and the opportunity to represent the UK at the European Awards in November.
“This is excellent news for Burnley and we’re delighted to be a part of it. We’ve invested a lot of time and effort into forging links between the University and local businesses.”
“These awards showcase the entrepreneurial spirit that can be found in local authorities, businesses, schools and colleges across the country.”
Peter Leather, UCLan Project Champion, said: “This is excellent news for Burnley and we’re delighted to be a part of it.
“We’ve invested a lot of time and effort into forging links between the University and local businesses. The University has provided academic, professional and skills programmes to develop the talent within organisations; we’ve given access to our innovative and cutting-edge applied research and funded projects with SMEs, which has led to wealth creation and economic development in the region.”