MPs have rubber-stamped a joint regeneration scheme between Wilson Bowden Developments Ltd and Ashcroft in the Leicestershire town of Hinckley
The Crescent will include 24 retail and restaurant units, a Sainsbury’s food store, a Cineworld cinema and a new bus station. Development of the existing Hinckley Bus Station site will lead to a comprehensive regeneration of the town centre, creating a proposed 600 jobs by 2015.
Secretary of State for Communities and Local Government Eric Pickles has issued a compulsory purchase order for businesses operating on the site, while a highway stopping up order has been approved by Transport Secretary Justine Greening.
Hinckley Councillor Stuart Bray said: “This is fantastic news for the town. The exciting new shopping and commercial scheme will give the town centre a further boost. We are now looking forward to working with the developer on the construction programme.”
The Tin Hat Regeneration Partnership will commence work on the £80m project later this year. Director Tony Baker said: “This is a crucial step in securing the delivery of this important project for the future of Hinckley. It will not only improve the retail provision in the town centre but provide much-needed new employment. Whilst there are a number of steps to be completed before work starts on site, we are now able to move forward with confidence knowing that the entire site can be delivered.”
To view the masterplan for the regeneration scheme, go to www.thecrescenthinckley.co.uk/masterplan.php