Lancashire County Council Logo
Business Business services Conferencing and training Permits and licences Tenders and procurement Trading standards Finance and funding Business premises

Rosebud finance key sectors

Rosebud business finance supports growing businesses in the following high growth business sectors.

Advanced manufacturing

This involves the use of innovative technology to improve products or processes. Businesses in this sector are likely to have the following characteristics:

  • Process driven, technically skilled and use innovative and new technology
  • Creativity in research and development is important as is the intensive use of capital and knowledge
  • Requires a flexible workforce with strong specialist skills in the areas of science, technology, engineering and mathematics and design
  • May require long term investment decisions to develop processes and buy equipment (that can take more than a year to manufacture)
  • Uses high levels of technology and research and development and intangible investments (training, improvements to business process) to support innovation
  • Subject to government / regulatory compliance
  • Can have high raw materials costs
  • Exporting is significant to the sector
  • Access to skills and training is important

Aerospace

Aerospace engineering is concerned with the design, construction and science of aircraft or space craft, or any business that assists this process. Businesses in this sector are likely to be:

  • Process driven, technically skilled and innovative
  • Creativity in research and development is important as is the intensive use of capital and knowledge.
  • Requires a flexible workforce with strong specialist skills in the areas of science, technology, engineering and mathematics and design
  • May require long term investment decisions to develop processes and buy equipment (that can take more than a year to manufacture)
  • Uses high levels of technology and research and development and intangible investments (training, improvements to business process) to support innovation

Finance and professional

In this sector, you will be an expert in your field and would also be expected to meet the following criteria:

  • Requires qualifications to do the work, for individuals
  • Requires professional indemnity insurance for the business
  • The business is likely to be part of a trade body or authorised to do certain types of business.
  • Examples include Solicitors, Accountants, Independent Financial Advisors, Dentists, Opticians, Architects, Chartered Surveyors etc

Creative and digital

Creative and digital industries' describes businesses with creativity at their heart - design, music, publishing, architecture, web and software, film and video, crafts, visual arts, fashion, TV and radio, advertising, literature, computer games and the performing arts. Other features of this sector include:

  • Creative industries have their origin in individual creativity, skill and talent and have a potential for wealth and job creation through the generation and exploitation of intellectual property
  • Businesses may be small or medium sized enterprises (SMEs), or even very small or 'micro-enterprises', including individual practitioners
  • Creativity and digital expertise are essential to all other industries particularly in the areas of product design, graphic design web and software development, marketing and PR

Energy and environment

The environmental goods and services sector includes the areas of:

  • Waste management
  • Environmental analysis
  • Solutions to control pollution and contamination
  • Resource efficiency
  • Carbon capture and storage
  • Carbon finance
  • Renewable energy (hydro, wave and tidal power, geothermal, wind and biomass)
  • Nuclear
  • Smart metering and smart grids
  • Energy storage solutions

Features of this sector:

  • SMES make up most of the supply chain
  • Protection and commercialisation of intellectual property is key to sector growth, especially the export of knowledge based environmental solutions
  • Higher level skills and knowledge based consultancy are critical to legislative compliance, development management and securing investment
  • Large scale energy generation developers often use an international supply chain, require risk capital and must engage with a complex mix of stakeholders and end users

Health

As the largest employment sector in Lancashire, Health is of critical importance to the county’s economy providing a broad mix of employment opportunities across all districts. 

Through its direct and indirect contributions, the health and social care sector is of significant importance for the UK and Lancashire economy.

Companies targeted will be from the health and life science sectors including:

  • Medical devices
  • In vitro diagnostics
  • Biotech
  • Pharma
  • Digital / IT
  • Service providers
  • Assistive Technology
  • Telecare & Telehealth
  • Not for profit and social enterprise companies if growth orientated

Potential new start-ups including spin-outs from universities and the NHS, and Small to Medium Enterprises (SMEs) seeking to locate in Lancashire will also be eligible for support. Companies must demonstrate a clear desire to grow revenue and jobs and 'lifestyle' businesses will not be eligible.