Plans for a £125 million designer outlet in Grantham have been approved by South Kesteven District Council.
Following approval this week, the decision paves the way for the scheme, which is expected to bring 1,700 new jobs to the area.
Submitted by Oldrids & Downtown, the site will include a 220,425 sq ft designer outlet centre and will be located on land surrounding the existing Downtown store at the Gonerby Junction off the A1.
The centre will comprise 107 shops, which will be delivered in partnership with Freeport Retail, and will also include a new ‘Downtown at Home’ store.
Proposals also include an indoor leisure unit, a new tourist information and visitor centre, and the redevelopment of the site’s existing garden centre to create a ‘new and more modern environment’.
Plans also include space for new and growing businesses, including a high-tech hub and incubator start-up offices, as well as the construction of a new training academy, which will be delivered in partnership with Grantham College.
Richard Broadhead, managing director of Oldrids & Downtown said: “We’re delighted that the planning committee has approved our application and recognised the extensive benefits this exciting new scheme will bring to Grantham and the wider area. Our huge investment will significantly enhance the retail offer and bring a host of new facilities and job opportunities to the region. This is a development that will attract visitors and tourists to the area, boosting the local economy.
“A massive amount of work has gone into this planning application and we are really grateful to everyone who has been involved in this process. There is huge support for our proposals from both the public and the business community. I would like to thank all those who have supported us for their ongoing enthusiasm and encouragement.
“We stand ready to deliver this game-changing project, which will play a vital role in the future prosperity of Grantham, South Kesteven and Lincolnshire.”