Determinants of productivity in Lancashire
The project undertakes a comparative analysis to identify the determinants of productivity in Lancashire and the North West
The Lancashire Local Enterprise Partnership (LEP) and the Lancashire County Council (LCC) have commissioned a research team from the University of Central Lancashire (UCLan) to examine the productivity of the Lancashire economy.
The aim is to identify determinants of productivity within the Lancashire economy, understand the causes of the long term comparative productivity gap with other UK regions, and thereby propose measures that might help to address this deficit. The project will therefore establish examples of best practice, assess how Lancashire’s organisations could be supported to become more productive, identify possible policy initiatives that could help our region grow, and hence what lessons can be learnt in order to help make Lancashire more prosperous in the future.
Letter of support from Lancashire County Council – research produced by the research team has “directly influenced the development of the emerging Local Industrial Strategy which responds to the challenges set out in the National Industrial Strategy, including raising productivity rates across the UK. It has also been used as part of the evidence base for Lancashire’s refreshed Strategic Economic Plan” and “has informed the deployment of government funding by the LEP, as well as in the selection of Lancashire’s strategic investment propositions aimed at improving productivity levels and increasing employment. These ‘shovel-ready’ propositions recently forwarded to Government represent a combined investment of £38m to support the levelling-up agenda in the UK”
Please contact Dr Alina Petrescu for further information