A REGENERATION scheme to revive a former cotton heartland in Burnley is to get £2milion.

The grade II listed Slater’s Terrace in Burnley – part of the Weavers’ Triangle and dating back to the late 1840s – is set for the investment from the Lancashire Enterprise Partnership (LEP) investment.

It is one of three projects promising to bring around 2,000 jobs to East Lancashire which benefit from a total £4.75million cash injection.

Funding of £2million has also been secured for transport links to the Burnley Bridge Business Park at Hapton.

And the creation of a public square, at Rawtenstall’s soon-to-be-demolished Valley Centre, will be aided by a £750,000 allocation.

Economic development chiefs were handed £13million from the government’s Growing Places Fund – to foster employ-ment and housing growth sites.

Burnley Bridge, being brought forward by Leeds-based Eshton Developments, will receive the money immediately and the Slater’s Terrace and Valley Centre cash will be released once the finer detail of the projects can be clarified.

Edwin Booth, LEP chairman, said: “This investment will make a real difference to people in Lancashire, creating tangible returns in the form of jobs, housing and economic growth.”

Several other East Lancashire sites have been identified as reserves for the Growing Places funding, depending on whether the successful bids remain on course.

Waiting in the wings are the former Michelin site in Burnley, the town’s Knowledge Park, and the remodelling of the Junction 7 business park, Clayton-le-Moors.

Slater’s Terrace was constructed by the owner of nearby Clock Tower Mill, George Slater, and comprises 11 cottages, on the banks of the Leeds and Liverpool Canal.