BAC/EE is British Aircraft Corporation / English Electric; 2 Aircraft manufacturers who merged in the 20th century. They were later known as British Aerospace and are currently part of BAe Systems, my current employer. The BAe factory in Preston was shut and knocked down in the 90's, but the sports and social club it left behind is still going strong.
Be careful on the way to the ground, as there is another Cricket Club on the same road, Preston CC (my old team) - people often get the 2 mixed up, including a Times journalist who was supposed to be doing a feature on Preston CC but inadvertently ended up doing a piece based on the wrong club!
I can't recommend highly enough the pub next door to BAC/EE, The Continental. Not really a party pub, but serves great food and definitely the best beer and cider in Preston, quite often accompanied by live music