Stockport Council has submitted a detailed planning application for the development of a £10m industrial estate at the former Gorsey Bank site in Cheadle Heath, which it has rebranded as Aurora Stockport.
The development will total 154,500 sq ft of industrial space, in units ranging from 8,700 sq ft to 47,000 sq ft.
Outline planning permission was granted at the beginning of this year. It is hoped construction will start in spring 2016 with the first units being available from early 2017.
Carillion, CBRE and HOW Planning are advising on the development, with CBRE appointed as agents for the scheme.
Aurora Stockport is part of the Council’s Investing in Stockport programme that will see a range of growth projects delivered across Stockport. The growth work will see £900m invested into Stockport over the coming years by the Council and its partners.
Cllr Patrick McAuley, executive member for thriving economy at Stockport Council, said: “I am pleased to announce that the Council is proceeding with the development of Aurora Stockport. The opportunities that this transformation will bring for both local residents and the business community are significant as well as creating well over 240 new jobs locally.
“This news comes at an exciting time for our town. Work on some of our flagship regeneration developments has now begun and Holiday Inn Express has just announced they will be opening a hotel in our town centre as part of Stockport Exchange.”