A BID is to be put in to accelerate Cumbria's economic growth and lever in more private investment.

Cumbria Local Enterprise Partnership, the county's strategic economic body, has prepared bid proposals for the 'Growth Deal 3' to be submitted to central government.

Growth Deal 3 would deliver more than 5,000 jobs in the county, as well as bringing in more than £376m of additional investment.

It would also develop more than 600,000 square metres of business space and fund infrastructure work to help unlock land for new homes.

Graham Haywood, the director of Cumbria Local Enterprise Partnership, said that it was important that they did 'all they could' to maximise the potential for economic growth in the county.

"Our high level bid is of course subject to ongoing discussion and negotiation – and it is a step up from previous levels," he said. "Whilst the funding figures we are submitting are ambitious and represent a significant commitment, we have also clearly set out the wide range of economic benefits they will bring. We must do all we can to maximise the potential for economic growth in the county."

Cumbria Local Enterprise Partnership is initially seeking approximately £165m of investment in the proposed Growth Deal 3 bid.

Key projects would be prioritised to bring the greatest benefit to the local economy. They include major investments in nuclear technology, agriculture, tourism, skills, site and transport infrastructure, improving connectivity and flood resilience.