A developer has signed an agreement to refurbish and regenerate a run-down corner of Kettering town centre.
Kevin Jones, who was involved with a project to regenerate the Bakehouse Mews in Rothwell town centre, will be taking on the project to transform The Yards, off Market Street.
He has signed a letting agreement with Kettering Council which will see units created for retail, restaurant and office use.
A spokesman for Kettering Council said: “Selecting a developer for the site and signing the agreement to lease is the first step in regenerating this currently under-utilised area of the town.”
The site, which has buildings of one and two storeys, sits off Market Street and backs on to Bridewell Lane.
The proposed regeneration scheme shows plans for several shops as well as offices.
Kevin Jones, the developer behind the project, said his vision of the regeneration of The Yards was a prelude to the “creation of a new and vibrant cultural area of the town centre offering a place to shop, eat, drink and while away the day and evening”.
He added: “I am delighted to have secured the lease for The Yards area of Kettering.
“I have a real passion for bringing new and independent businesses into the area and believe The Yards area has great potential to offer new businesses a home.”
Mr Jones added that The Yards would offer opportunities to entrepreneurs, musicians, artists and independent retailers who need sales or production space, or even individuals who need assistance in starting up their own small business.
Kettering Council’s economic regeneration manager Alex Jelley, speaking about the lease, said: “It is fantastic that the next step has been taken in the regeneration of the town centre. The regeneration of The Yards through private sector investment is part of our growth plan and continues the improvement works that have already taken place on Market Street and the Market Place.”
Cllr Derek Zanger said the regeneration project was great news.
He added: “We have proven once again with private sector investment that Kettering is intent on redeveloping the town centre and we have achieved another important development in this administrations master plan.
“We are confident this will compliment the recent works on the Horsemarket, Market Place and Market Street. It is a very good sign that even against a tough national backdrop that Kettering is seen as a good investment for our private sector partners.”
For information, visit www.theyardskettering.co.uk.