DETAILS of the proposed multi-million pound redevelopment of Rawtenstall town centre including new town hall, bus station and shops have been revealed by the council.

Two companies, who have not been named, are working together to formalise plans for the redevelopment of the town centre and the shopping area -- the Valley Centre.

The plan is for the town hall to be demolished and the site and adjacent car parks to be built on with shops at ground floor level and a first-floor town hall which will also take over some of the Valley Centre.

There will still be a reception at ground floor level fronting Bacup Road.

The bus station will be relocated to the opposite side of Bacup Road and the bus depot and station developed for shops and parking.

Rossendale Council leader Coun John Holt said: "This is an exciting time for Rawtenstall and the borough as a whole.

"The exciting part is that there are a number of firms both from within and out of the Valley who are now showing a real interest in Rossendale.

"If the scheme proceeds, coupled with the development on Lower Mill, the future will be a real bonus to Rossendale. It proves that the borough has potential and is attracting outside investment. Even if the scheme founders the prospects still look good. The borough is attracting outside interest and investment.

"As soon as there are any further developments full details will be given and the views of the public will be sought."

President of Rawtenstall Chamber of Commerce Debbie Greenwood said: "We did ask at a meeting with the council to be kept informed of what was being proposed for the town centre -- but this is the first I have heard about it so I am unable to make a comment."