Crest Nicholson Regeneration and boat builder Palmer Johnson have got the go-ahead for the £500m redevelopment of the former Vosper Thornycroft shipyard site in Southampton.

The South East Regional Development Agency (SEEDA) and Southampton council gave the Green light on Monday for the redevelopment on Woolston Riverside.

Crest Nicholson’s plans for its site, Centenary Quay, include more than 1,600 homes, a hotel, offices, a supermarket and three waterfront apartment towers as well as a public plaza.

Palmer Johnson, which put in an application for the other element of the site, plans to set up a marine employment quarter.

The council's economic development cabinet member, Royston Smith, said: ‘The Crest Nicholson application features high quality design, but we must ensure that it is appropriate to the existing surroundings.

‘The council has always held a shared vision with SEEDA to see Woolston Riverside regenerated and revitalised. With the Marine Employment Quarter also going ahead the city has just taken a giant leap towards a new era of economic growth.’