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Oldham Council and Foxdenton LLP to deliver up to 500 homes as part of £100 million joint venture regeneration scheme

Oldham Council and Foxdenton LLP are to deliver a £100 million joint venture regeneration scheme in Foxdenton.

 

Up to 500 new homes will be built alongside up to 700,000 sq. ft. of employment space within a premium business park.

 

The scheme is predicted to create 2,000 jobs and to provide a £5.4 million annual boost to the local retail economy from new resident spending.

 

Councillor Jean Stretton, leader of Oldham Council said: “I am delighted that after many years of planning we are now able to press ahead and deliver this regeneration scheme, bringing thousands of jobs and new homes to Chadderton and surrounding area.  With its strategic location near the M60 and M62 the business park signals that our Borough is truly open for commerce and will act as a catalyst for wider economic growth.”

 

Essential infrastructure will be delivered ahead of any other development and will include a new link road connecting the A663 and B6189, with work set to begin in May 2017, lasting approximately 74 weeks.

 

“The early delivery of the new link road and other infrastructure will kick-start this regeneration and I would ask residents to be patient while this essential construction work is undertaken and reassure them that we will be providing regular updates,” added Stretton.

 

Mike Coulter, Foxdenton LLP said: “This is fantastic news for Oldham.  This £100 miliion scheme signals the start of Oldham’s very own economic powerhouse, with thousands of jobs, much needed new homes and essential infrastructure all being delivered hand-in-hand to create an economic hub that will benefit the whole of the borough. 

 

“We now have the green light and the essential infrastructure work will mark the first visible signs that work is underway on this iconic project.”

 

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