Preston is set to see rapid growth thanks to a City Deal that will provide around £434 million worth of investment. This will mean improvements to local transport facilities, over 15,000 new homes being built, and around 20,000 jobs being created.

A further £100 million from the Lancashire County Pension Fund will also provide new opportunities for businesses in the region, as will the planned £200 million new campus planned for the University of Central Lancashire, located in Preston.

The wider area of Lancashire is home to a £23 billion economy, with over 45,000 businesses providing employment for 620,000 people.