The Cabinet Minister responsible for the Government Leveling Fund stopped in Burnley on Friday to take a look at the new development at Finsley Gate Wharf.
The Â£ 2.2million regeneration program is being undertaken by the Canals and Rivers Trust with funding from the Trust, government, National Lottery and others.
When complete, the once abandoned site will host a range of community amenities, including a bar and restaurant, banquet hall, overnight accommodation, and educational facilities.
Welcoming the ongoing work for developments like this in Burnley and Padiham, the government minister also spoke with the MP about the Upgrade Fund – a potential investment of up to Â£ 20million for which the Borough was prioritized when the auction opens this summer.
The Secretary of State said: âThe Leveling Up fund is designed exactly for places like Burnley.
âBecause we want to invest more in those parts of the country that have been undervalued and underinvested for too long.
âThe fund will allow Antony and the local council to make a very strong bid for an investment of up to Â£ 20million to carry out more projects like this in Burnley.
“So that we can make sure that Burnley and Padiham get a fair share of the investments, get jobs, start new things and Antony can deliver on the promises he made to the electorate here in 2019 to really improve the level of the rounding.
Mr Higginbotham added: âThis is our second visit by a Cabinet Minister this year and shows that we are now getting the attention we rightly deserve here in Burnley and Padiham.
âThe Upgrading Fund offers significant investment potential here in the borough, which gives our economy a major boost and creates jobs in the process.
The new Finsley Gate Wharf is scheduled to open this summer.