Lancashire County Cricket Club has revealed its £200m plans for the re-development of Old Trafford cricket ground.

Trafford Council has welcomed the proposals which forms part of a sports-led regeneration strategy for a 50-acre mixed use neighbourhood in Old Trafford.

A planning application for the first phase of the new stadium development will be lodged imminently with works potentially starting in early 2009, and phased over consecutive years until completion in late 2012.

The club, which celebrated its 150th anniversary last year, has put together the plans following consultation with communities, local land-owners and funding partners.

Designed by architects BDP, the scheme includes two new grandstands with a capacity of 15,000 capable of rising to 25,000 with temporary seating and the re-orientation of the wicket, to see the square run from north to south for the first time in 150 years.

The proposals are being brought forward by the club, Trafford Council, Ask Developments, Tesco and the neighbouring Stretford High School.

The partners hope the plans will ensure that Old Trafford regains its place on the international test match circuit in time for the 2013 Ashes Test.

When developed in full the Old Trafford neighbourhood could accommodate in excess of 750,000 sq ft of new development with a potential end value of £200m.