Regenerate will deliver major developments on behalf of local authorities, and continue the Housing Market Renewal (HMR) work initiated by Elevate. It will also have responsibility for delivering the No Limits LEGI scheme which supports new and existing businesses.

The new company has the remit to improve the image of Pennine Lancashire, and will make sure that measures to improve housing and the local economy are implemented in a joined-up way, recognising the close links between job opportunities, prosperity and the housing market.

The company will employ around 70 staff, located mainly in The Globe Centre in Accrington, the Beehive and Greenbank Technology Park in Blackburn and various local authority offices.

The Chief Executive is Max Steinberg. The Executive Director for Housing is Jackie Mason and the Executive Director for Economic Development is Steve Hoyle.