A MULTI-MILLION pound canalside plan could finally be on its way following years of planning.

The Clayton Triangle redevelopment has previously been approved by planners and was considered “extremely viable” but the plans never came to fruition.

The scheme could see new housing, reclaimed cobbles, green spaces and revamped listed buildings.

The leader of Hyndburn Council, Miles Parkinson, said: “We are looking at the regeneration of employment sites and the Clayton Triangle site could be used for Clayton and Altham.

“If we aim to bring back derelict buildings and the brownfield site we would end up with an area for both housing and joint working and living accommodation.

“As councillors, we need to be looking at the bigger picture and not simply about the provision of new dog bins.”

Landowner and businessman Gerard Holmes, the owner of AAA Road Assistance, told the Lancashire Telegraph in 2011: “For years we’ve had dozens of meetings with planners and councillors asking what they wanted.

“The resulting plans are for fantastic, modern and sympathetic housing right off the motorway.”

And Mr Holmes said yesterday: “Things are moving ahead very quickly now. The planning permission is fully granted on the site.

”Earlier this year, a bid to turn 15 derelict sites across East Lancashire’s towns into more than 3,000 new homes was announced .

However, the government did not approve it, although Regenerate Pennine Lancashire is thought to be considering submitting another bid.

Previous plans for the Clayton Triangle included converting two Grade II-listed buildings at Enfield Wharf, the former stable block and the canal warehouse, into mixed use offices and apartments.