Lancashire Investment Fund
February 17, 2026 Lancashire Combined County Authority (Other) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
Lancashire Combined County Authority approved recommendations on 17/02/2026. The Growing Places Fund was transferred and renamed the Lancashire Investment Fund with a refreshed Investment Strategy for 2026/27.
Full council record
Purpose
The purpose of this report is to provide an update on the conclusion of the transfer of the existing £19.4m Growing Places Fund from Lancashire County Council to the Lancashire Combined County Authority (LCCA). This follows the in-principle approvals and the delegated authority agreed at the LCCA’s meeting in June 2025.
In concluding the transfer, the report seeks the support of the LCCA to adopt a refreshed Investment Strategy for 2026/27 and rename the fund as the Lancashire Investment Fund, with the aim of better promoting and deploying the Fund, which will drive growth in Lancashire whilst also increasing the financial resources available to the LCCA via the interest generated on loans made.
Decision
The Lancashire Combined County Authority approved the recommendation(s) as set out in the report.
Details
| Outcome | Recommendations Approved |
| Decision date | 17 Feb 2026 |
| Effective from | 21 Feb 2026 |
| Expected date | 17 Feb 2026 |
| Originally due | 17 Feb 2020 |
| Lead officer | Sue Roberts |