Morgan Sindall Investments Ltd has been confirmed as the development partner for Towcester’s Moat Lane regeneration scheme. Fulfilling the vision for the historic market town, the development will include a new civic building, with council offices, as well as new shops and homes.

Councillor Rebecca Breese, SNC’s portfolio holder with responsibility for the Moat Lane redevelopment, said: “The fact that we have been able to negotiate this development in the current economic climate is excellent news for Towcester. I hope everyone will join me in welcoming this move and looking forward to what it offers the town.”

Ernie Battey, managing director of Morgan Sindall Investments said: “We are delighted to have this opportunity to partner with the council to fulfil their long standing vision for the regeneration of Moat Lane.

“Positioned at the very heart of this historic town, we understand how important this project is for the community and look forward to delivering this high-quality development with our sister companies Lovell and Morgan Sindall and developer Clayson Country Homes.”

With preparatory work commencing straight away, the scheme should be complete within four to five years. The civic building should be ready by spring 2014, providing the council with annual savings of £220,000 from lower running costs and income from rental and facility bookings.

WNDC has invested over £6.5m in the Moat Lane scheme. Peter Mawson, WNDC’s Chief Executive, said: “The development of Towcester town centre will create new jobs and support the long term prosperity of the area.

“The Moat Lane plans have attracted national design awards and are intended to showcase the historic core of the town alongside modern new facilities. As a key investor in the project, we are delighted that a development partner has been secured.”

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3. Local people have their say on Towcester’s proposed Moat Lane development
4. Developer sought for Towcester’s exciting Moat Lane scheme
5. Easton Neston Watermeadow acquired to support the regeneration of Moat Lane Towcester