The 1994–95 season was Blackpool F.C.'s 89th season (86th consecutive) in the Football League. They competed in the 24-team Division Two, then the third tier of English league football, finishing twelfth.
Blackpool exited both domestic cup competitions at the first-round stage.
Tony Ellis was the club's top league scorer, with seventeen goals.
Mike Davies retired at the end of the season after eleven years of service for Blackpool, his only professional club. He subsequently moved into a coaching role at the club.