Page 220 - Minutes of meeting

Summary Implications – Opportunities for Growth

There is a real sense of momentum in Barrow and a new way of collaborative working with key stakeholders in the town which will
realise optimum impact for the town.

Barrow has the opportunity to capitalise on major projects which will drive economic growth in the town. Crucially, Barrow needs
to deliver benefits to local people through a focus on driving an inclusive economy. Opportunities include:

+ Maximising the economic and social impact of BAE Systems as an anchor institution and major investor

+ Proactive targeting of opportunities presented for further growth as a result of the Crown Estates Round 4 Offshore Wind
Leasing

+ The delivery of new housing including bringing forward Marina Village, with the potential to create a new vibrant
neighbourhood with an aspirational housing offer to change perceptions

+ Further occupation and development of Waterfront Business Park, to retain and grow existing businesses in the town

+ Building on the Further Education offer of the town through an enhanced technical and higher education offering

+ Maximising strategic infrastructure assets such as the Port of Barrow to drive growth in advanced manufacturing and clean
growth opportunity sectors, as well as opportunities to support the visitor economy

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