TWO bosses have suddenly quit economic development firm Enterprise.

The resignations of chief executive David Taylor and finance director Lawrence King come weeks after a bid led by Mr Taylor to buy the company failed.

Enterprise, formerly Lancashire Enterprises, is heavily involved in projects across East Lancashire, including the Technology Management Centres in Blackburn and Accrington.

A statement issued by the firm gave no reason for the resignations but said they were with immediate effect.

Michael Hynes, currently a non-executive director at the Preston-based firm, is to be become managing director.

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