Page 68 - Minutes of meeting

Strategic Context

Town Investment Plans need to demonstrate strong alignment with Local Industrial Strategies. The opportunities and challenges
identified in Barrow align directly with those outlined in the Cumbria Local Industrial Strategy.

Cumbria Local Industrial Strategy, 2019 Identified strengths in Barrow include manufacturing
excellence in shipbuilding/submarine/sub-sea technology;
The LIS establishes a vision of Cumbria as a “place to live, work, offshore wind and oil and gas; and important port assets

visit and invest sustainably – where exceptional industry and serving the energy sector.
innovation meets a breathtakingly beautiful and productive Identified challenges include the need to diversify the
landscape”. LIS priorities include: economy of Barrow-in-Furness. The dependence of Barrow on
BAE Systems and government spending, in addition to the
+ Promoting Cumbria concentration of workless households, youth unemployment,
low skills and low household incomes, below average rates of
+ Innovation and Ideas enterprise, transport resilience issues, a large concentration of

poor quality housing stock, and a relatively small retail
+ People and Skills catchment.

+ Business Environment Identified opportunities in Barrow include:

+ Infrastructure ▪ Supply chain opportunities linked to BAE

+ Places ▪ Tidal power potential in Morecambe Bay

Key sectors include advanced manufacturing, construction, ▪ Scope for gas storage and import

creative, digital and cultural, health and social care, logistics,
nuclear, professional services, rural & food production, and visitor ▪ Barrow Waterfront Business Park
economy. ▪ Barrow Marina Village

▪ Potential for a new Advanced Manufacturing Innovation
District

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