SEAN Dyche will get money to spend this summer as the Clarets boss prepares his squad for life in the Premier League.

Promotion is said to be worth around £120million to Burnley – almost double the reward of five years ago when they went up via the play-offs.

And chief executive Lee Hoos said funds will be made available for Dyche to strengthen his squad, after a top flight return was secured through Monday’s 2-0 win over play-off hopefuls Wigan.

“There will have to be investment on the pitch to give ourselves a fighting chance,” said Hoos, mindful that the Clarets suffered relegation back to the Championship after just one season last time around.

However, the American is equally conscious of not frittering away their finances.

“It’s not just about looking at the next 12 months, it’s the 12 months after that and 12 months after that.”

Boss Dyche has been frugal in the transfer market since succeeding Eddie Howe midway through the 2012/13 season, with Ashley Barnes – his only paid for signing – costing an up-front fee of just £450,000.

He would welcome a war chest, yet remains conscious of the need for a club the size of Burnley to box clever in the transfer market.

“Of course we want to try to add to the squad and improve the team and offer the chance to be competitive once again, but it has to be done in a sensible manner,” he said.

“We are a club of a certain size.

“There will be lessons learned from being in the Premier League and coming out of it.

“The club wants to survive going forward but we still want to be competitive, that’s for sure.”