Located in the Northampton Enterprise Zone, the Avon Nunn Mills site covers 20 hectares of brownfield land along the River Nene.
In March 2012, West Northamptonshire Development Corporation (WNDC) launched a compulsory purchase order for the whole site. However, the three main landowners - Avon Cosmetics, Taylor Wimpey UK Ltd. and Persimmon Homes Ltd. - have reached an agreement with The University of Northampton and WNDC.
With the deal agreed, the proposed CPO now only covers land required for a new road through the site. Under the terms, the primary objective is a new University Campus although the current landowners will be putting forward plans to potentially deliver an alternative mixed-use scheme in the unlikely event that the university plans do not come to fruition.
If all of these joint plans fail, WNDC will have an opportunity to purchase the whole site.
Professor Nick Petford, Vice Chancellor of The University of Northampton said: “This new Waterside Campus will place us in the heart of the community. It is a hugely exciting project with an investment of more than £330m.
If it progresses as we hope, we could be moving in to start ground work in 2015 with the campus opening sometime between 2018 and 2020.”
A spokesperson from Avon Cosmetics commented: “We are delighted that we have come to this crucial agreement and wholeheartedly support the relocation of The University of Northampton to the Avon Nunn Mills site.
Having developed our own award-winning office on the site, we are very excited to work with the university and see their new campus become a reality.”
Peter Mawson, WNDC’s Chief Executive, said: “This is a truly momentous agreement for Northampton. Avon Nunn Mills has been largely derelict for over a decade but we now have certainty that it will be redeveloped.
Clearly, the University Campus would have huge economic benefits for the town and beyond. We look forward to working in partnership to deliver this flagship scheme.”
The Public Inquiry into the CPO closed on 22nd November and a final decision from the Secretary of State is expected in Spring 2013.
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