The semi derelict Grade II listed building was renovated between 2005 and 2007 as a key part of the Wigan Pier regeneration project, co-ordinated by Simon Kensdale. This project drew on a combination of European Regional Development Fund, Single Regeneration Budget and Heritage Lottery monies and it resulted in a number of sites in the Pier Quarter being restored to use. Trencherfield Mill itself became a mixed development comprising commercial, retail, and leisure space and 52 one and two-bedroom apartments. Wigan Council ultimately decided against establishing an arts centre - which would have included the town's first public theatre - within the Mill complex. However, the mill engine has been preserved, and restored. As of 2009 it can be seen in steam each Sunday morning. The mill is also used as a call centre for both EE and BT.