A major store development is set to bring in enough cash to complete a 13-year project to regenerate St Annes town centre.
Traders are eagerly anticipating a planning gain money windfall of at least £350,000, already agreed in principle, once planning details for the development, including a Booths supermarket, on the former Premium Bonds site at the town’s Heyhouses Lane are finalised.
It is expected to mean a new improved look for The Crescent, Park Road and St Andrew’s Road South, in similar style to work already carried in out in phases on The Square and surrounding shopping streets.
Fylde Council’s regeneration chief Paul Drinnan said more than £5m has been spent on town centre regeneration since the turn of the century, including some £3.5m in external funding.
“Over the years, we have sourced cash for regeneration from the likes of English Heritage and the North West Development Agency but in a tighter financial climate, such contributions have become more difficult to find and planning gain cash from developments has become a more vital source,” he said.
St Annes Chamber of Trade chairman John Moxham said: “It’s wonderful news and we are really looking forward to the benefits this will bring.”
Carolyn Clapham, of Storytellers Inc children’s bookshop, on The Crescent, added: “Anything which provides continuity from the rest of the town centre would be very welcome.”