Unsure, but i am guessing it is a water tower of some sorts??? Anyone else know anything. Resources - Storage/Processing By: boothy443
http://archive.burnleycitizen.co.uk/2001/6/28/670816.html
Here is a picture of one that is quite similar:
http://www.cwn.org.uk/coventry/images/foleshill-gas-works-w400-9807-gt.jpg