Bondholder CWC Group’s Fairham Pastures mixed-use development is set to create more than 2,500 jobs and 3,000 new homes.
Rushcliffe Borough Council’s planning committee has approved outline planning for the 606 acre, £750m development by a unanimous vote.
Bondholder CWC Group Land’s planning director, Robert Hepwood, said: “This is the most important development in the East Midlands. It will deliver in excess of 2,500 new jobs as well as up to 3,000 new homes in a sustainable and strategic location just minutes from Nottingham city centre. Connecting by road directly to the M1, East Midlands Airport and the future HS2 station at Toton, it will be an ideal location for people to live, work and play in.
“Our priorities are around delivering a scheme that will enhance the region and locality, as well as being of the very highest quality and sustainability. This approval is a key milestone in bringing our exciting plans to fruition and establishing Nottinghamshire’s premier business and residential district.”
The outline planning consent includes more than £100m of new infrastructure improvements as well as up to 3,000 new homes and up to one million square feet of employment opportunities.
There will also be new local shops, a health centre, community buildings and a new primary school alongside sports pitches, a destination park, children’s play areas and community woodland. A safeguarded route for the NET tram will enable a future extension to be built, says CWC.
CWC Group says the development will be delivered in phases and is likely to take up to 15 years to complete.