Heritage One hopes to alter and improve Clarence Mill, in Pellon Lane, to provide workshops, offices, meeting rooms, a cafe and up to six apartments for people who want to live and work on site.

"The uses will provide a range of jobs which will bring improved diversity and strength to the local economy," according to design consultants, David Storrie Associates.

Clarence Mill closed earlier this year with the loss of 24 jobs.

The firm which occupied the mill, Joseph Horsfall and Sons, was set up in 1866 and was involved in spinning wool and wool blend yarns for knitting, contract furnishing and clothing.

At its peak, it employed about 150 people and was forced out of business by a shortage of skilled textile workers and cheap imports, mainly from China.

In its planning application to Calderdale Council, Heritage One says it wants to redevelop the whole site to create a business centre that will specifically encourage the growth of small businesses and industrial trades.

"It is envisaged that the units will be used by companies in the media, those in information technology, creative industries and the arts."

The company hopes to have permission by the end of July to convert the four-storey building and a nearby three-storey mill, and create 10 workshops in the central courtyard.

Outbuildings, an office and garage will be demolished to create more than 80 parking spaces and a landscaped garden.