Brian Laws believes he will have sufficient means at Burnley to turn them into an established Barclays Premier League club.
Former Sheffield Wednesday boss Laws was appointed manager at Turf Moor on Wednesday on a two-and-a-half year deal, taking over From Owen Coyle, who joined Bolton last week. Coyle has cited the restricted budget at Burnley as one of the key reasons behind his decision to leave, but Laws is confident he has enough at his disposal to keep the Clarets in the top flight this season.
"We have talked at length about finances. It is fairly public that this is the lowest budget in the Premier League," Laws said. "But that doesn't mean to say it's failure and it doesn't mean to say this club can't be successful and stay in the Premier League. It's about making sure you have money available to bring players in when you can."
He added: "I've had my difficulties at Sheffield Wednesday, but here they are going to give me all the support possible to stay in the Premier League, because that's the ultimate aim. That's where we want to be and that's where the club wants to stay.
"Nobody wants to relinquish that and once you're in there and you are stable, it opens up another door and other avenues.
"You then start looking at different kinds of players and you are looking at being an established football club.
"That is the aim, to be established in the Premier League. We all know it is going to be a difficult job but we all believe - and I believe - that we are more than capable of doing that."
Laws started his playing career with the Clarets, but given that he was sacked by Sheffield Wednesday only a month ago with the Owls struggling in the Championship, the news of his appointment came as something of a surprise and received a mixed response from supporters.
After Coyle's heroics in getting Burnley promoted to the top flight for the first time in 33 years Laws has a tough act to follow, but the 48-year-old insists he is ready to prove to his worth to the Turf Moor faithful and show that he is the right man for the job.
"They (the Burnley board) believe they have made the right decision, and I do," Laws said. "I'm sure with the supporters time will tell but all I'm asking of them is support your team as you have been, continue to do what you are doing and we will do everything in our power to get it right on the pitch."