Date announced for start of multi-million pound regeneration in Northampton
The green light has been given for the construction of a multi-million pound business centre that could create 300 jobs in Northampton.
Building work on the Vulcan Works project between Guildhall Street, Fetter Street and Angel Street will start next summer.
Northampton Borough Council, which will own the centre, says work can start after the scheme won a further £3.06 million from the European Regional Development Fund.
The venture had previously secured a £6.3 million Local Growth Fund contribution from the South East Midlands Local Enterprise Partnership.
A contractor is expected to be appointed early in the new year.
In addition, demolition work has been completed at the former Amalgamated Tyres site at the junction of Fetter Street and St John’s Street.
Once complete, the project will provide 59 lettable units for creative industries.
It is forecast that the Vulcan Works will support up to 100 businesses and create 300 jobs over 10 years.
Councillor Tim Hadland, cabinet member for regeneration and economic development, said: “We are now in a position to get to work on the project and by autumn 2020 we will have a fantastic new facility at the heart of our Cultural Quarter.
“The units will provide opportunities for start-ups or slightly more established enterprises looking to expand, and there will be communal space where businesses can collaborate.”