Pendle’s Lomeshaye Industrial Estate, one of Lancashire’s largest strategic employment sites, is to be extended thanks to a cash injection.
The project will be funded through the Lancashire Economic Partnership, following £70m of additional funding.
“The latest award of the Local Growth Funding (Growth Deal) awarded to Lancashire Economic Partnership (LEP) means this can now become a reality.
Edwin Booth, chair of the Lancashire LEP, said: “Our £69.8m Growth Deal 3 allocation further confirms the ability of local partners to set out a truly ambitious and deliverable growth programme for Lancashire.
The £12m Burnley-Pendle Growth Corridor Improvements Scheme was funded by a previous Growth Deal.
Councillor Iqbal added: “By making Pendle much better connected we expect to see more jobs, more industry and more financial security locally.
"And there’s now improved access to Lomeshaye Industrial Estate, helping us to create more space for businesses which means more jobs for local people." The exact amount of funding has yet to be confirmed by Lancashire Economic Partnership.
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