Eshton has successfully bid for £3.8m from the North West European Regional Development Fund.
The cash will help pay for a bridge over the Leeds to Liverpool canal to open up the 70 acre Burnley Bridge Business Park for development.
Work on the bridge and will start this spring.
The project was originally seeking funding from the regional development agency but turned to Europe in the wake of government spending cuts.
Eshton managing director James Chapman told the BBC: “Overall, the development will create up to 1,400 new jobs in the construction and occupation.
“We can now start work in earnest at Burnley Bridge and attract quality occupiers to a quality site.
“Contrary to what people might expect, many companies are doing well in the area despite the economic challenges.
“Some of the local manufacturers are consolidating space and smaller firms need to move to new premises.”
The 70-acre Burnley Bridge Business Park is located on the former Hepworth’s site at Pollard Moor on the outskirts of Hapton and Padiham.
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