Rossendale regeneration plans pass £50m funding milestone

By Tim Aldred

27 Jun 2024

Bacup Market

Rossendale Borough Council has now secured more than £50m in external funding to revitalise its economy.

The council hopes to position the valley as a bridge to Lancashire from Greater Manchester and Yorkshire.

Regeneration plans now underway include an £8.5m redevelopment of Bacup Market and the £500,000 refurbishment of Haslingden market. 

Meanwhile, a new masterplan for Rawtenstall has identified a pipeline of projects to support its regeneration, including investment in Rawtenstall market, new public realm improvements and changes to the gyratory system in St Mary’s Way.

Already the Spinning Point scheme in 2016 helped to energise Rawtenstall town centre and reinvigorate its market into a destination venue for food, drink and events.

While the £50m milestone has passed already, another £20m has been secured as part of Central Government’s Long-Term Plan for Towns initiative.

The endowment-style funding over 10 years is to be spent on projects in Rawtenstall, Crawshawbooth and Waterfoot under three themes of infrastructure, town centres and safety and gives the Valley further opportunities for change.

Establishing thriving town centres in the Valley is a council priority and the creation of 2040 Visions boards for Bacup and Haslingden has helped steer the regeneration programmes. 

At the same time other initiatives receiving hundreds of thousand pounds worth of funding such as Rossendale Works and Rossendale Employability and Skills Forum has secured employment for local people – sometimes for the benefit of disadvantaged residents.

Programmes costing more than a million pounds each have seen the completion of the Bacup Townscape Heritage Initiative and the Bacup High Streets Heritage Action Zone completed, while National Lottery Heritage funding has been secured for the Big Lamp Project in Higher Deardengate, Haslingden.

Inward investment has attracted growth businesses, bringing quality employment to the borough. For example, a £1.5m Growth Deal funded scheme to improve the junction and prevent flooding at Futures Park helped the development of the site for Orthoplastics and Bright Futures Nursery.

A drive to attract visitors to the Valley has included the £2m National Lottery Fund financed extension at the Whitaker Museum and Art Gallery, securing £630,000 of Sport England funding to support upgrading The Hill at Ski Rossendale, and development of the Trail Head Centre at the Lee Quarry Mountain Bike facility at Futures Park.

Smaller regeneration initiatives have seen the council source funding from the Ministry of Housing, Communities and Local Government, the Local Economic Recovery Growth Fund, the National Lottery Fund and Historic England schemes. 

Enjoyed this? Read more from Tim Aldred

Latest news

1

Breck to deliver £150m of affordable homes over four years Breck Development In Progress

Breck to deliver £150m of affordable homes over four years

18 Jul 2024

2

Business board launches to support county's economic growth Lancashire Business Board

Business board launches to support county's economic growth

18 Jul 2024

3

Commercial landlords: Five tips to avoid tenancy problems Five tips to avoid tenancy problems SOCIAL.jpeg.jpg

Commercial landlords: Five tips to avoid tenancy problems

19 Jul 2024

4

Blackburn Hotspots: Filling a big hole Blackburn Hotspots Lineup

Blackburn Hotspots: Filling a big hole

19 Jul 2024

5

Notarianni Ice Cream Parlour Scoops Up Energy Efficiency Notarianni.jpeg.jpg

Notarianni Ice Cream Parlour Scoops Up Energy Efficiency

19 Jul 2024

Bec Web Strip 980x120
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Built Environment Conference
BEC 315 X 315 Px
Networking
25 Sep 2024

Lancashire Built Environment Conference

Conference and Exhibition Centre, Winter Gardens Blackpool, FY1 1HL

08:30 - 13:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Preston Freelancer MeetUp and Coworking Day
Screenshot 2024-06-13 at 13.55.10.png.png
LBV Hub Networking
30 Jul 2024

Preston Freelancer MeetUp and Coworking Day

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Skills Bootcamp in Procurement - Cohort 1
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Seminars
30 Jul 2024 - 08 Oct 2024

Skills Bootcamp in Procurement - Cohort 1

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

Scaling your revenue: From zero to £1m in 60 months
CBP-logo LBV.png.png
LBV Hub Webinar
31 Jul 2024

Scaling your revenue: From zero to £1m in 60 months

Online, Online, Online

08:00 - 09:30

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
31 Jul 2024

Chamber Breakfast Networking

Pye Motors, Morecambe, LA3 3PF

08:00 - 10:00

Online Women's Health Clinic
clinic.png.png
LBV Hub Webinar
06 Aug 2024

Online Women's Health Clinic

x, Online, x

12:00 - 12:00

International Coworking Day Open Day
1.png.png
LBV Hub Social
09 Aug 2024 - 09 Aug 2024

International Coworking Day Open Day

Society1 Coworking Space, Prestin, PR1 3 LT

10:00 - 13:00

Knowledge & Networking: Basic Digital Marketing
Chamber Logo1.png.png
LBV Hub Seminars
12 Aug 2024

Knowledge & Networking: Basic Digital Marketing

Lancaster Golf Club, Lancaster, LA2 0AJ

14:00 - 13:00

Understanding Menopause
menopause.png.png
LBV Hub Webinar
15 Aug 2024

Understanding Menopause

x, Online, x

12:30 - 13:15

Sub36 Networking Event - The Bee Centre
Sub36 Socialbee Centre
Networking
15 Aug 2024

Sub36 Networking Event - The Bee Centre

The Bee Centre, Chorley, PR6 8LZ

15:00 - 17:00

Mini Networkers - Family Fun Morning
CBP-logo LBV.png.png
LBV Hub Networking
16 Aug 2024

Mini Networkers - Family Fun Morning

Community & Business Partners CIC, Blackburn, BB2 3UA

10:00 - 13:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin