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Invest in Cumbria

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Invest in Cumbria
NameInvest in Cumbria
TypeRegional investment promotion
LocationCumbria
Founded21st century
Area servedCumbria; North West England
IndustryRegional development; economic development; investment promotion

Invest in Cumbria is a regional promotion initiative focused on attracting domestic and international investment to Cumbria, including the Lake District and Barrow-in-Furness. It positions Cumbria within networks spanning United Kingdom trade links such as Department for Business and Trade, UK Export Finance, and regional bodies including Cumbria County Council, Westmorland and Furness Council, and local enterprise partnerships like Cumbria Local Enterprise Partnership. The initiative engages with stakeholders ranging from Foreign Direct Investment advisers to multinational corporations such as Rolls-Royce, Siemens, and BAE Systems.

Overview

The overview situates Cumbria amid strategic corridors connecting Manchester, Newcastle upon Tyne, Glasgow, and Edinburgh while referencing transport arteries including the M6 motorway and the West Coast Main Line. It highlights Cumbria’s heritage sites like the Lake District National Park and industrial legacies in Barrow-in-Furness shipbuilding and Kendal manufacturing, alongside assets such as Sellafield and the Hadrian's Wall corridor. The scheme interacts with stakeholders including British Business Bank, Bank of England regional teams, and investor networks such as Scottish Enterprise and Department for Levelling Up, Housing and Communities initiatives.

Economic Profile

Cumbria’s profile references regional output measures comparable to North West England GDP, employment concentrations seen in Barrow-in-Furness, Carlisle, and Workington, and sectoral data from agencies like Office for National Statistics and HM Revenue and Customs. Historic employers and projects such as National Grid, Sellafield Ltd, and legacy shipyards link to contemporary clusters oriented around nuclear decommissioning, advanced manufacturing, and tourism hubs proximate to Windermere and Keswick. Trade relationships include supply chains tied to Scotland and Ireland via ports such as Barrow and Workington.

Key Sectors and Opportunities

Key sectors promoted include nuclear energy services around Sellafield, renewable energy manufacturing tied to offshore wind projects like Dogger Bank Wind Farm, advanced manufacturing with companies such as BAE Systems and Rolls-Royce, and specialist tourism anchored by Lake District National Park and UNESCO recognition. Other target areas include low-carbon technologies connected to National Grid decarbonisation programmes, marine engineering referencing Cammell Laird and Furness Shipbuilding Company, digital services linked to Tech Nation networks, and agritech activities in rural parishes near Penrith and Appleby-in-Westmorland. Opportunities also arise from research collaborations with institutions such as University of Cumbria, Lancaster University, and University of Manchester.

Investment Incentives and Support

Support instruments include regional grant programmes administered through Cumbria Local Enterprise Partnership, capital allowances aligned with UK Investment Zones proposals, and business support via entities like British Business Bank and Department for Business and Trade export services. Local incentives reference enterprise zone analogues and workforce funding coordinated with Jobcentre Plus and skills initiatives like National Skills Fund. Investor liaison often involves public bodies such as Cumbria County Council, chambers of commerce like Cumbria Chamber of Commerce, and trade promotion networks including UK Export Finance and Institute of Export and International Trade.

Infrastructure and Connectivity

Infrastructure highlights encompass rail links via the West Coast Main Line, road access on the M6 motorway, and port facilities at Workington and Barrow. Energy infrastructure includes connections to the National Grid and proximity to nuclear sites including Sellafield, plus links to offshore wind supply chains servicing projects such as Hornsea Wind Farm and Walney Extension. Digital connectivity initiatives reference regional broadband rollouts coordinated with Department for Digital, Culture, Media and Sport and telecom operators including BT Group.

Local Workforce and Education

Workforce assets are supported by higher education and training providers including University of Cumbria, Lancaster University, Carlisle College, and apprenticeships delivered in partnership with employers like BAE Systems and Rolls-Royce. Skills programmes align with national schemes such as the Apprenticeships framework, T-Levels pilots, and the National Skills Fund, while local employment services involve Jobcentre Plus and sector partnerships with bodies like Energy & Utility Skills.

Major Projects and Case Studies

Major project case studies include nuclear sector activity at Sellafield, offshore wind supply-chain opportunities supporting Dogger Bank Wind Farm and Walney Extension, manufacturing investments in Barrow-in-Furness linked to BAE Systems Submarines, and tourism-driven initiatives in the Lake District National Park tied to visitor infrastructure projects near Windermere. Regeneration examples reference coastal and post-industrial programmes involving funding instruments from UK Shared Prosperity Fund and partnerships with Historic England on heritage-led development.

Governance and Regulatory Environment

Regulatory context references statutory planning framed by Town and Country Planning Act 1990 processes at Westmorland and Furness Council and Cumberland Council levels, environmental consenting administered by Environment Agency and Natural England for protected landscapes like the Lake District National Park Authority, and sector-specific regulation from bodies such as Office for Nuclear Regulation and Marine Management Organisation. Investment facilitation works with legal and compliance advisers experienced in Companies House filings and UK statutory frameworks administered by HM Revenue and Customs.

Category:Economy of Cumbria