New business park set to give Burnley a 1,400 jobs boost
27 February 2014
A new government-backed business park in Burnley, Lancashire, is expected to support the creation of more than 1,400 jobs in the area.
Thu, 27 Feb 2014A new government-backed business park in Burnley, Lancashire, is expected to support the creation of more than 1,400 jobs in the area.
The new Burnley Bridge Business Park, opened by business secretary Vince Cable today [27 February], is the largest new development on the M65 corridor for more than a decade. The 70-acre site has received a £2.4m loan from the government through Lancashire’s Growing Places Fund.
Cable said: “It is encouraging to see the growth that is taking place in Burnley. It has weathered the years since the financial crash well and manufacturing in the town is now enjoying a real renaissance.”
The business secretary will also visit a number of the town’s manufacturing and engineering firms later today to see the success of some of the area’s fastest-growing companies.
Among the companies are Velocity Composites, a high-tech aerospace company that, in five years, has grown from three to 70 employees. Velocity received £86k of government funding through the Regional Growth Fund to support a move to larger premises. The move is expected to create 25 new jobs in Burnley.
Kaman, a US aerospace business, is also creating 39 new jobs in the town.
Cable will open a new £5m extension at VEKA, a window systems manufacturer, that has increased staff 15-fold in 30 years.
The new Burnley Bridge Business Park, opened by business secretary Vince Cable today [27 February], is the largest new development on the M65 corridor for more than a decade. The 70-acre site has received a £2.4m loan from the government through Lancashire’s Growing Places Fund.
Cable said: “It is encouraging to see the growth that is taking place in Burnley. It has weathered the years since the financial crash well and manufacturing in the town is now enjoying a real renaissance.”
The business secretary will also visit a number of the town’s manufacturing and engineering firms later today to see the success of some of the area’s fastest-growing companies.
Among the companies are Velocity Composites, a high-tech aerospace company that, in five years, has grown from three to 70 employees. Velocity received £86k of government funding through the Regional Growth Fund to support a move to larger premises. The move is expected to create 25 new jobs in Burnley.
Kaman, a US aerospace business, is also creating 39 new jobs in the town.
Cable will open a new £5m extension at VEKA, a window systems manufacturer, that has increased staff 15-fold in 30 years.
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