Boston Borough Council have been successful in purchasing the former B&M site at the heart of the proposed Rosegarth Square development.
This strategic move empowers the Council to move forward with development proposals and bring forward the vision for the area utilising £14.8 million of Levelling Up funding.
The B&M store ceased operating a number of years ago and since then, the site has been earmarked for redevelopment. The area is an important part of the Council’s overall aspirations for the town centre regeneration.
Leader of Boston Borough Council, Cllr Anne Dorrian, said: “Improving the town centre is one of our top priorities and we are determined to push ahead to ensure our vision becomes a reality.
“Developing this large, derelict building is yet another piece in that transformation jigsaw. I am really pleased that we have been able to utilise government grant funding to purchase the former B&M site, and we have exciting ideas to ensure that the site makes a positive contribution to our town.”