The council’s cabinet has been asked to approve Deloitte Real Estate’s draft masterplan for the Greater Manchester town ahead of final sign-off in September.
If the framework is approved later today, a six-week period of public consultation would follow.
Under the framework, Deloitte as planning consultant proposes a civic hub, featuring offices, leisure and retail, as well as further improvements to the existing Radcliffe Piazza and the expansion of the Market Hall.
Additionally, the Market Chambers building would be repurposed to provide flexible working space.
An improved car park at the town’s Asda supermarket would aim to move traffic away from the town centre, freeing up sites for development, according to Deloitte. A secondary school is also mooted.
Landscape architect Planit-IE has been appointed to consult on public realm improvements to the piazza, Blackburn Street and other key routes.
Several sites have been earmarked for residential development within the Radcliffe area, including the East Lancashire Paper Mill site, which already has outline consent for 400 homes.
A site next to the Millwood Primary Special School has also been earmarked for new housing, with the potential for 90 new homes.
A full housing delivery plan is expected to be drawn up at a later date.
This latest regeneration strategy follows previous town centre projects in Bury, including the arrival of a Lidl supermarket, the relocation of the bus station and the expansion of the Dunelm Call Centre.