In his speech at the site of the new business park, the Minister is expected to praise the "spirit of enterprise" that the project represents.
It is the largest new development on the M65 corridor for more than a decade, and is expected to create more than 1,400 indirect jobs in the area. The 70-acre site is a £50 million development by Eshton, a Leeds-based commercial property investment and development company, which has received a £2.4 million loan from the government through Lancashire’s Growing Places Fund.
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Once completed, the park will be served by a new bus route linking it to the centre of Burnley, ensuring excellent accessibility to the town.
Mr 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.
"Today I've seen first-hand how the government's industrial strategy is giving businesses both here in Burnley, and all over the country, the confidence to invest, securing highly-skilled jobs and a stronger economy."
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