A SHORTLIST has been drawn up of regeneration specialists to spearhead the next phase of the huge overhaul of housing in Burnley.

Burnley Council has approached three developers about the possibility of implementing a series of masterplans under the multi-million pound Elevate programme.

The news comes as it was revealed the authority has already secured £6million in funding since April and expected to get another £4.5million in the next four months to help breathe new life into run down estates.

Council leader Coun Stuart Caddy said the cash would also help improve amenities for residents.

He said: "Elevate is not just about housing, it is about the environment in which people live. It is about raising the quality of life and giving residents the neighbourhoods they deserve."

The £6million has helped the council buy 122 homes -- just short of its target of 128 -- fund a £300,000 park in Burnley Wood and pay for the revamp of homes in Colne Road and Accrington Road, as well as employ people to consult with residents in the affected areas.

The council said it expected a decision on the amount of funding it would receive for the next two years in the new year, when it will announce the chosen developers.

The authority added it could not reveal the shortlisted developers as negotiations were delicately poised. It has not been decided how many will be chosen but those employed would be responsible for overseeing the regeneration of Burnley Wood and Healey Wood, Danehouse, Duke Bar and Stoneyholme and south west Burnley.

However, tomorrow residents will help choose an artist to be commissioned to produce public art in the areas.

The council received 60 entries from across the UK and the three finalists will display their work on Thursday at Burnley Mechanics.

As well as art, other proposals in the masterplans include building canalside homes and tree-lined streets. Some homes earmarked for demolition could also be retained due to their historical importance.

Judging to choose the winning artists will be between 11.30am and 1.30pm.