Contract for Towcester £45m regeneration project announced

The £45m regeneration of a Northamptonshire market town is a step closer after the announcement of a contractor for the project.

South Northamptonshire Council said Morgan Sindall Investments Limited will develop Towcester's Moat Lane project.

The scheme will see a new civic building constructed in the centre of the town, to include a new library, register office and council offices.

There are also shops and housing planned for the area.

'Economic benefit'

South Northamptonshire councillor Rebecca Breese, responsible for the Moat Lane redevelopment, said: "This will bring the centre of the town into focus again.

"It will regenerate an undervalued and unloved part of Towcester and be of great economic benefit to the district."

The council said it hoped the development would bring more business into the town centre.

Bury Mount, a medieval fortification dating back to the 11th century, has already been renovated in an earlier stage of the scheme.

The town's Watermeadows, formerly private land, was also developed and opened in April 2010 as a new public park.

A more detailed planning application would have to be submitted to the council before any further work can be done on the project.

But South Northamptonshire Council said it hoped the civic building would be ready by spring 2014.

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