Pendle Borough Council is set to pitch for up to £50m of funding to help transform Nelson town centre.
Nelson was chosen as one of 100 places in England eligible for the government's Town Deal funding, which could raise as much a £25m. A further £25m is available through the Future High Streets, of which Nelson is one of 50 towns invited to make a bid.
This week, Pendle Council agreed on a Nelson Town Deal Board to oversee the development of the Town Investment Plan and the Nelson Masterplan.
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