Work is set to begin on the final phase of Lomeshaye Industrial Estate in Nelson, Lancashire, after its owners secured more than £7m in funding.
The expansion is being led by Pearl2, a joint venture between Barnfield Investment Properties and Pendle Borough Council.
The partners have secured £6.2m in funding from the Lancashire Urban Development Fund, which is managed by igloo. Alongside this investment, Pearl2 has secured an additional £1m from the Growing Places Fund, managed by the Lancashire Enterprise Partnership.