An arm of Nelson-based Barnfield Group has been appointed to build a multi-million pound industrial estate off Blackburn's new Issa Way road.
The 19-acre site, which benefits from direct links to the M65, sits within an established employment cluster.
Barnfield has been named as the preferred developer for the major new employment site in Blackburn.
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Issa Way, named after Blackburn's billionaire brother and EG Group founders Mohsin and Zuber, connects Blackamoor Road to Roman Road opening up land around Fishmoor Reservoir for housing and other development.
Blackburn with Darwen Council's executive board will next Thursday be recommended approve the sale of the land off Issa Way to Barnfield Contractors 海角视频 Ltd which specialises in industrial and commercial developments.
The confidential sale price of the authority-owned site is understood to run into millions of pounds.
The vacant land has been earmarked for employment use within Blackburn with Darwen's Local Plan and is considered a prime development opportunity for high-quality industrial units.
Simon Jones, Blackburn with Darwen Council's growth programme director, said: "We are an ambitious council with a one-billion-pound vision for the future.
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"This vision is driven by a mission to create a more prosperous borough that benefits our residents and businesses.
"The site off Issa Way is a fantastic opportunity to further strengthen our commercial offer – attracting blue-chip manufacturing businesses, encouraging new investment and supporting the creation of new jobs.
"Following a tender process, Barnfield Contractors 海角视频 Ltd has been chosen as the preferred developer, and we are now seeking permission from the council's executive board to sell this land for development."
Barnfield's proposals include 246,000 square feet of industrial space, with a planning application expected in 2026.
Subject to planning approval, the first phase of the units could be completed as early as 2028.
As part of the agreement, £1.3million from the sale of the land will contribute towards planned improvements at Junction 5 of the M65 at Guide.
This forms part of a wider £30m investment in transport links for the area, including upgrades to walking, wheeling and cycling routes too.
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In Blackburn with Darwen, Barnfield has already delivered the new HQ for Brookhouse Aerospace in Darwen, is leading work on the Revolution Park development at Chapels, and the expansion of neighbouring Perspex International.
Tracy Clavell-Bate, head of development and acquisition at Barnfield Group, said: "We are delighted to have been named the preferred developer for this important strategic employment site in Blackburn.
"This is a prime location for businesses, with excellent access to the motorway network and a well-established employment cluster."