Millions invested in Pendle through pioneering joint venture
Published Wednesday, 25th March 2026
Pendle’s joint venture company PEARL – Pendle Enterprise and Regeneration Ltd - has clocked up a staggering £182m of projects since it was established in 2007.
The strong performance of the partnership between Pendle Borough Council and Barnfield Investment Properties was celebrated at PEARL’s flagship project, Northlight, today (Wednesday 25 March). 
The Invest in Pendle event was also an opportunity to hear from Pendle Vision board members, business leaders and developers about the opportunities in the borough.
Northlight is a £42m conversion and development of the dilapidated Brierfield Mill creating a stunning living and working complex.
Councillor David Whipp, Leader of Pendle Borough Council, said: “It’s clear that PEARL continues to be a huge success story for Pendle and we are immensely proud of Northlight.
“Together we have totally transformed the iconic Brierfield Mill complex, protecting the Grade II building’s heritage creating new homes, education, employment, sport and cultural facilities.
“This event has helped us to put a spotlight on what PEARL has achieved as well as the exciting future and opportunities in Pendle to encourage businesses to start, grow and invest in the area.
Tim Webber MBE, Chairman and Managing Director of Barnfield Group and PEARL Board member, said: “As a business rooted in Pendle, Barnfield is proud to have played a leading role in delivering transformative regeneration through PEARL.
“Our approach goes beyond development – we focus on creating sustainable places that drive economic growth, support local supply chains and bring long-term value to communities.
“Northlight is a flagship example of what can be achieved through true partnership. It has set a benchmark for high-quality regeneration and is already acting as a catalyst for further investment in the area.
“We remain committed to working with the Council to unlock new opportunities, accelerate delivery and continue bringing forward ambitious schemes that benefit both residents and businesses across Pendle.”
Councillor Asjad Mahmood, Deputy Leader and Portfolio Holder for Economic Growth, Development and Regeneration, added: “PEARL developments have huge benefits for local people.
“Across the lifetime of our partnership, PEARL has provided a better quality of life, supported a wide range of local businesses and trades people, created hundreds of jobs and much-needed housing whilst regenerating rundown sites.”
Other recent successes include extending Lomeshaye Industrial Estate to help businesses expand or re-locate in Pendle and the transformation of Colne Market Hall which is set to open in May.