Southampton City Council today gave the go-ahead for the £500m regeneration of Woolston Riverside

The application for the 30-acre (12.5ha) former Vosper Thorneycroft shipyard site from the South East England Development Agency (SEEDA), was approved following two-years of consultations with public bodies, local business and key stakeholders.

The development, close to the River Itchen, Southampton Water and the Solent, includes 1,510 new homes, 422,443 sq ft (39,246 sq m) of business face and 42,646 sq ft (3,962 sq m) of food, retail and leisure facilities. Crest Nicholson Group and Dean & Dyball Developments are the preferred development partners for the site.

SEEDA development projects director Peter Cusdin said construction is planned to start in 2009. He said: ‘Securing consent is a big step forward. It enables the regeneration plans to proceed and unlocks £10m of new SEEDA investment in site reclamation and provision of new roads and services over the next two years.’

'We will be working closely with our preferred development partners, local residents and businesses to create a vibrant waterfront.’