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PENDLE HOTSPOTS By Ged Henderson IN ASSOCIATION WITH:
OPPORTUNITY KNOCKS!
Pendle is the latest stop on our ongoing tour of the county’s hotspots. We brought leaders from the worlds of business, politics and education together at the Nelson headquarters of REM UK to find out what’s going on in the borough
Ask Mike Nuttall, property director at Brookhouse Group, what his business sees in Pendle and he’ll tell you, ‘Opportunity’.
It is why the Cheshire-based developer has teamed up with Pendle Council to regenerate Nelson, backed with £25m of government Towns Fund cash.
The aim of the joint venture is to deliver real and positive change to the town, with a focus on bringing vacant and under-used buildings back into residential and commercial use.
The central government funding played its part in drawing Brookhouse in, along with what Mike describes as the council’s “alignment” across all offices and political spectrums and full commitment to the project.
He says: “We felt it was worth the time and effort for us as a UK-wide investment business to come and get involved in Pendle. It’s not an
obvious place to come and invest your time and money but we saw an opportunity here and that brought us in.”
He is also in no doubt that there are what he describes as “fundamental issues” to be addressed in Nelson and across Pendle generally, but he adds that through investment and development his company can play its part in addressing them and delivering “lasting change”.
However, he also believes now it is time to start that delivery. “You can’t keep talking about these things” he says. “We really need to deliver. We need to see things happening.
“I genuinely believe in the course of the next 18 months you’ll see practical, physical change happening within the town centre.”
Joint ventures are in Pendle’s DNA. PEARL – a long-running JV between the council and Barnfield Investment Properties – has had a
SUPPORTED BY: transformative impact on the borough.
Its flagship development is Northlight, the impressive £32m rebirth of a historic former cotton mill into a mixed-use development which has taken 12 years to deliver.
It has been a success story built on partnership. PEARL invested £17.9m in the redevelopment and a further £11.82m was secured through the Lancashire Enterprise Partnership (LEP) Growth Deal, Burnley FC in the Community and its investors, the county council and Nelson and Colne College.
PEARL was originally established by Barnfield and the council as a means to encourage regeneration and specifically as a vehicle for the development of a community-based Arts, Culture and Enterprise Centre in Nelson. The JV went on to successfully transform sites across the borough.
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