Local Labour MP, Rosie Cooper, welcomes the news that West Lancashire is to benefit from the Labour Government’s commitment to invest in business growth.
West Lancashire District Council and Lancashire County Council are just two of 250 local authorities to benefit from the £105 million funding from the Local Authority Business Growth Incentives scheme.
An incentive scheme aimed at encouraging local business growth has awarded the Lancashire County Council £772,000 and the West Lancashire District Council £430,000. In addition to this initial award, the Local Authority Business Growth Incentives (LABGI) scheme will see funding to local authorities increase over the next three years.
Rosie Cooper MP said:
“For both local authorities to receive funding from this Government scheme is fantastic news for the West Lancashire economy. Attracting new businesses and supporting job creation are big challenges for any community now we are competing in a global economy.”
“This funding will act to pump prime and will bring further investment into West Lancashire making the areas economy stronger and this will have benefits far beyond the individual projects in which it is invested.”
“This scheme reflects the Labour Government’s commitment to delivering vibrant and thriving communities built on strong economies. Now we have this money let us see that it is invested wisely to secure the maximum benefit for the people and businesses of West Lancashire.”
Local authorities can decide how they wish to spend their funding windfall – whether it is to provide better public services for their communities, invest in further business growth or to reduce council tax increases.