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News - 23 October 2014

Great news for jobs and development in Southampton.

City council leaders have agreed a deal with developer Inland Homes to transform the crumbling Chapel Riverside site north of the Itchen Bridge into an area of thriving marine sector businesses, homes and a new park.

Not only will this provide much-needed new homes on the Itchen riverside, the development at the former Town Depot is set to provide a big boost to the local economy, with as many as 700 new jobs set to be created.

Lavinia Newman, Founder of ABDS and a business strategist comments:
“The development on the former Meridian TV site north of the Northam Bridge, is a £40m proposal including 350 homes, a convenience store and a new park, which will be a welcome boost to the local economy, and transform a site that was until recently used as the council’s waste and recycling centre.”

The Council marketed the 8.9-acre site with the aim of creating a new development focused on marine and maritime sector businesses. Two developers came forward and now Inland Homes has been formally appointed to transform the run-down site.

The water tanks and pump house currently on the site will be incorporated into the new design, while the sea wall will be repaired and the land raised to make it less vulnerable to flooding.

A public consultation period means that work could begin on site in early 2017

Council leader Simon Letts said: “This is a key site for the city. It is a waterfront site and through this development agreement we are signing this will bring in additional housing, which the city desperately needs, and also making significant space for maritime industry.”

Stephen Wicks, chief executive of Inland Homes, said: “We are delighted to have been chosen by the city council to regenerate Chapel Riverside and we are confident that we can deliver an exemplary development that will benefit the whole community.”

Stewart Dunn, chief executive of the Hampshire Chamber of Commerce, said: “This is very positive news and it fits in with the Local Enterprise Partnership’s strategy of creating jobs in the Solent region that are centred on the marine industry.

For those who are looking for a more personal approach on a range of individual and business related issues, contact us at ABDS.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

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