Oldrids & Downtown’s plans for a £125m designer outlet centre in Grantham have been approved by South Kesteven District Council.
The decision paves the way for a scheme that will create more than 1,700 new jobs. Located on land surrounding the existing Downtown store, the plans include a 220,425 sq ft designer outlet centre comprising 107 shops, which will be delivered in partnership with Freeport Retail, one of Europe’s leading developers and operators of designer outlet centres.
The proposals also include a new ‘Downtown at Home’ store, 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.
The retail and leisure facilities will be complemented by space for new and growing businesses, including a high-tech hub and incubator start-up offices. In addition, the scheme includes 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.”
Oldrids & Downtown’s plans will also see the company make investments in the local area, which will help improve transport infrastructure, road signage, public transport, town centre facilities, car park signage, tourism, education and training.