Britain's most prominent house builder, Bryant Homes, the house building arm of Taylor Woodrow, has signed a Co-operation Agreement with Fenland District Council to deliver over 300 homes on the site.

The regeneration project will increase the population of Wisbech by approximately 900 people.

The agreement ensures that 13 per cent of the properties will be affordable and there will be off-street parking spaces created, together with dedicated on-street parking bays.

The agreement is supported by the core funding partners of the East of England Development Agency (EEDA), English Partnerships and the European Regeneration Development Fund administered by GO-East, demonstrating the benefits of 'regeneration through partnerships'.

The outline planning consent included illustrative plans showing that the area could be developed with five-story residential buildings with ground floors for commercial use fronting the river, stepping down to two storeys on the eastern edge to complement existing buildings in that area, with the Nene Parade being given over to pedestrians.

Planning applications for each phase of the residential/commercial developments will be submitted by the Taylor Woodrow Bryant Homes team as appropriate.