Hyndburn is set to become ‘one of the biggest property investment hotspots in the UK’ with around £10m set to be invested over the next six years - it was claimed this week.

Bosses at sales and lettings agents Ainsworth-Lord Estates, which sells and manages properties in Hyndburn, said the borough is a ‘hotspot’ and say they are working with developers and investors to improve the area.

Paul Ainsworth-Lord, of Ainsworth-Lord Estates, has told the Observer that money ‘isn’t an issue’ and that Hyndburn is ‘long overdue’ for new housing investment.

He said: “The Hyndburn area as a whole is one of the new hotspots and will become one of the biggest property investment hotspots in the UK, purely because of its forecast housing needs and the shortfall it has.

“This is not just a flash in the pan, we want to work in the area for the next five to 10 years.

“We are the biggest letting refurbishment agents in East Lancashire.

“It’s long overdue in Accrington. It’s almost a forgotten place in terms of outside investment.

“The future of Hyndburn is glorious. The amount of business infrastructure and businesses that are attracted to the area is phenomenal.”

Mr Ainsworth-Lord, whose firm is based in Darwen, said they have already teamed up with Stewardson Developments with £1m initially earmarked for the borough and ‘plenty more to come’.

He said: “If we are able to get 100 properties done this year we would be quite satisfied but at the same time if we had to deal with 200 that wouldn’t be a problem.

“As an asset management investment company we will probably look to spent £10m in the next five or six years.

“Hyndburn is a red hotspot in the UK and we would like to get in there first.”

Hyndburn council leader Miles Parkinson said: “Any company or individual investing in the borough is to be welcomed. We are seeing big businesses expanding and bringing more jobs and making Hyndburn a place to work and live. We need to develop our brownfield sites.”