Five million pounds is being invested in to west Cumbria's manufacturing, with the hope that the cash boost will help companies grow and create new jobs.
The money is coming from Britain's Energy Coast, a body which encouraged economic investment into the area.
It has awarded the first grant to a company who specialise in making astro turf pitches.
Samantha Parker reports:
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If you haven't already checked your pockets or down the back of your sofa, it's probably time that you did.
The 46-year-old, who won five trophies during his playing days with the Foxes, has succeeded Pierre de Bruyn in the role at Grace Road.
A yellow, and in some parts amber, warning for strong winds has been issued for Cumbria and Southern Scotland from midday and tomorrow.