As reported earlier by the Burnley Express, police have launched an investigation after a man was seen carrying a machete and threatening people with the weapon in Market Promenade.
Police were called around 11-15am following reports from the public of the threats.
A police spokesman said: "Officers attended the scene and attempted to locate the man.
"No-one was injured during the incident.
"A suspect has been identified and enquiries are on-going to locate him.
"We would like to reassure people this is an isolated incident and patrols have been increased in the area."