Pendle Innovation Centre is set to be re-let after the Council was asked to release the tenants from their six-year lease after being unable to fill the premises and make it viable.
Latest accounts for the current tenants, Trust4Business, show they lost over £12,000 in 2020, and made only a £5k profit in 2019.
Two other Pendle businesses have shown an interest in leasing the building, and if the Council approves the lease termination, the building will be advertised To Let and the interested parties will be invited to submit offers.