The aims of the Houldsworth Village Initiative are:
To realise the potential of Houldsworth Village for local people
To transform the economy into a thriving business, retail, leisure and residential area
To improve the area by making the streets welcoming during the daytime and evening
To bring history to life for the people of today
To promote awareness of what the village has to offer
Houldsworth Village centres around Houldsworth Square where the distinctive clock tower honours the benefactor who brought prosperity to the area through the great mills that still command the skyline.