Plans to create a major 200-acre employment site in Derbyshire, which will create thousands of new jobs, have been given the go-ahead.
Erewash Borough Council’s planning committee has unanimously approved plans by Verdant Regeneration to create New Stanton Park, near to Junction 25 of the M1, on part of the former Stanton Ironworks.
The rail connected scheme will provide 2.6 million square feet of warehouse and industrial space and create 4,000 new jobs once fully developed.
David Grier, of Verdant Regeneration, which is a joint venture featuring the owners of Ward Recycling, said: “Having acquired the site in 2020, we have worked hard across the team to quickly bring forward an outline planning application on what is one of the largest regeneration projects within the region.
“New Stanton Park offers an excellent strategic location, blending an active rail connection with strong private and public transport connectivity, plentiful labour and a large and significant power supply.
“When combined, we are confident this will result in a highly successful development with the next chapter set to positively transform and improve the area, bringing forward large-scale job creation in the process.”
With a direct and operational link to the Midland Main Line railway, the New Stanton Park site has potential to become a key distribution point for materials being imported and exported efficiently throughout the UK and beyond.
David Ward, of Verdant Regeneration added: “Securing outline planning permission is a hugely important step in bringing forward the regeneration of this major landmark site.
“In its redevelopment we are aiming to deliver high quality real estate that will drive occupier activity and job creation.
“We will do this with a sustainable approach, combining energy efficient buildings with large amounts of amenity and green space.
“New Stanton Park will also see fishing ponds, rural walkways and cycle tracks designed to enhance biodiversity and link the site and its wider communities.”
The scheme is being jointly marketed by M1 Agency and TBD Real Estate.
James Keeton, of M1 Agency, said: “Outline planning approval is a major milestone in the delivery of New Stanton Park and the regeneration of this former brownfield site.
“With strong initial interest, we are confident of quickly bringing forward development and realising the transformation and improvement of the area in a high-quality and sustainable manner, most importantly, delivering large scale job creation in the process.”
Chris Drummond, from TDB Real Estate, added: “The redevelopment of the site has been talked about for a significant period of time and it is excellent news that it is now hopefully set to come to fruition.
“Verdant Regeneration has been hugely pro-active in its approach since purchasing the site and, with active occupier engagement, we welcome the delivery of an outline planning consent to thereafter bring forward the transformation and improvement of this strategically important site.”