Not to long ago there were many cotton mills throughout Heywood and the rest of Lancashire just like this one - Mutual Mill
Most have been redeveloped now - supermarkets, car parks, museums and the like.
Cotton is no longer produced here and a few industrial units would appear to be operating. There has been talk of converting the mill into flats - there is opposition to this and some want the mill preserving as a historical object / property . Whether anything will happen in these dire economic times who knows ??