Northern Trust has formed a joint venture partnership with housebuilder Fellows Homes to provide a new housing development in Chorley.
Mike Riding, director at Northern Trust, said: "This project represents an innovative venture for Northern Trust. Partnering a local house builder has enabled the regeneration of an unused site to provide much needed housing and jobs for the local community. The development continues our long standing commitment to invest in Chorley and the local area."
Northern Trust worked closely with Chorley Council on the regeneration plans for the former industrial estate, following the successful planning application on the 4-acre site on Quarry Road in Chorley.
Work on the first phase of the project has started and Fellows Homes will be undertaking the construction work and when completed the development will be named The Village Garden.
The scheme will provide 66 homes ranging from two bedroom town houses to four bedroom detached homes and a proportion of affordable housing.
Dave Fellows, of Fellows Homes, added: "We are delighted to be involved in the joint venture with Northern Trust and are looking forward to bringing this new housing development to fruition. With work on the first phase underway, we plan to have the show home open in the summer."
The work will be split into three phases with the first phase providing 15 three bedroom semi-detached and detached homes, which is expected to be completed towards the end of the year.