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As part of a wider regeneration plan, it will enable the transformation of derelict land along the River Nene into a landmark mixed-use scheme.
The application, which was submitted by the Corporation itself, comprises a 1.6km route between the Bedford Road and Ransome Road near the town centre. The road will facilitate major commercial development as well as up to 1,400 new homes on three interlinked brownfield sites. They include a disused factory owned by Avon Cosmetics, the old Nunn Mills power station, and a former landfill facility at the Ransome road site.
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WNDC's Director of Regeneration and Development, Chris Garden said: "The Nunn Mills development road is part of a bigger picture for Northampton's waterside area. Along with the infrastructure improvements already underway, it will support the transformation of derelict land into a landmark mixed-use scheme."
The Avon and Nunn Mills sites are part of Northampton's Waterside Enterprise Zone which was announced by government earlier this month. Funded by WNDC, a number of projects are already being delivered to support the redevelopment of the waterside area. They range from the under construction Becket’s Park boating Marina, to junction improvements which are currently being delivered between London Road and Ransome Road.
Chris Garden added: "By using our specialist development and investment powers, we are aiming to establish Northampton’s waterside area as a leading business location. The new road, as well as other initiatives such as the enterprise zone, will help to achieve this long-term goal."
The road is estimated to cost in the region of £12 million and will be delivered by WNDC and the landowners. The Corporation is also preparing a Compulsory Purchase Order to acquire a section of land required for the new road. The land, which runs between the Avon and Nunn Mills sites, is currently in unknown ownership.
(CD/GK)
