LEADING council figures hope a pot of gold is waiting at the end of the rainbow after a new Burnley landmark was completed.
The Rain Bow Gate, on Princess Way, has been erected as part of “transformational” landscaping work at the gateway to the town’s new Knowledge Quarter.
The scheme includes paved public walkways, street furniture, and lighting, particularly colour splash lighting of the historic railway viaduct.
Town hall bosses believe the stunning artwork and urban design will help attract new business and investment to the area around Burnley College and the UCLan Campus.
The Rain Bow Gate, paid for by European development cash, will be officially unveiled in the New Year when Burnley Council starts the process for selecting a developer for the new Burnley Knowledge Park site.
Plans for the park are now pressing ahead. The site has been purchased, outline planning approval granted for up to 12,000 sq.m of business space and publication of a design guide for the development.
The Knowledge Park aims to attract high growth businesses looking to benefit from the knowledge and skills of the college and university.
Steve Rumbelow, Burnley Council’s chief executive said: “The vision is to make Burnley a centre of educational excellence, a regionally significant centre for advanced manufacturing, digital and creative industries and firmly establish Burnley as a key retail and service centre.
“To achieve this it is important to create a modern business environment and welcoming gateways.”
Council leader Coun. Charlie Briggs said: “I am delighted with the public realm works and I’m confident the whole area and Rain Bow Gate will generate increased positive interest in Burnley.
“Rain Bow Gate is set to become another landmark sculpture for Burnley which we hope will bring Burnley as much international acclaim as the Singing Ringing Tree has generated for the town.”
He believes that 2012 is set to be a very exciting year for Burnley with many new projects underway across the town.
“With plans forging ahead for the Knowledge Park, Burnley Bridge Business Park, the University Technical College, Todmorden Curve, and the Weavers’ Triangle – it’s going to be quite a year.
“Burnley also has the honour of hosting the Olympic Torch coming through the town as it makes its way to London for the 2012 Olympic Games.
“All these positive projects demonstrate that despite the current economic climate the council, in partnership with other agencies, are working hard to keep ambitions alive and to ensure Burnley has the infrastructure and skills needed for the town to grow and prosper and emerge from the current downturn ready to move forward.”