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Work has commenced on a £2.5m heritage-led regeneration scheme to turn lower St James’ Street, Burnley, into an alternative retail and creative quarter, following confirmation of £1.2m of funding from Historic England.
The first phase of a four-year programme started last week with a scheme of public realm improvements.
Councillors are set to discuss a report on the potential financial impact the coronavirus pandemic is having on Burnley Council’s budgets.
The council is looking at a projected deficit of £3.4 million, around a quarter of its total annual budget, over the current financial year due to increased spending and loss of income as a result of the virus.
The report by the head of finance, Asad Mushtaq, says that the council’s reserves are not enough to meet the current funding shortfall and that further significant Government support is needed.
Burnley Council’s executive has agreed a recovery package to support Burnley Market through the coronavirus pandemic.
The executive agreed a package of assistance to market traders in addition to that already provided by Government. The executive values the work of the market and its long tradition and is doing its best, despite the council's own financial difficulties, to support market traders to get the market on its feet.
Work is set to start next week on major improvements to one of the key routes into Burnley town centre.
A programme of public realm improvements will form part of a wider scheme to regenerate the lower St James Street area and make it a more attractive “gateway” into the town centre.
The highway authority Lancashire County Council is working in partnership with Burnley Council to develop new wider, high-quality footways and carriageway along lower St James Street, between Westgate and Hammerton Street.
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