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Local Industrial Strategy

The LIS has detailed the key areas of action needed to support the Combined Authority's devolution deal commitment to doubling the size of the Cambridgeshire and Peterborough economy. This LIS has identified the key strengths and challenges of the distinct sub economies of the Fens, Greater Peterborough and Greater Cambridge, detailing the strategy for supporting broad-based growth and spreading prosperity to more people.

Following the launch of the LIS a call has been made for organisations to apply to a £50 million pot of growth funding before time runs out.

This new call for applications will have a strong focus on job creation. With the £50 million pot, the Business Board will aim to create at least 10,000 jobs.

Applicants will need to demonstrate how they deliver on one or more of the LIS priorities through capital investment that will:

  • Further develop infrastructure through planned transport, digital and energy interventions across the Combined Authority partnership
  • Deliver integrated approaches to business support, ensuring businesses and potential businesses have the access to the right kind of space, access to growth coaching and supporting networks to help them
  • Harnessing innovation as a tool for business growth, generating world class research
  • Improving education and training levels to ensure businesses have the skills they need and people have better opportunities 

Applications are welcomed from the public and private sector, or other delivery organisations including joint venture companies and the voluntary sector. 

The Local Industrial Strategy can be viewed here.