Contracts have been exchanged in readiness for the planned transformation of the 15-hectare former Cummins site in Stamford.
It’s to be the site of the St Martin’s Park development, which will be made up of a designated commercial area; mixed-use area; retirement village; and a range of residential properties including affordable homes; and areas of green and open space.
South Kesteven District Council and landowner partner Burghley House Preservation Trust Ltd have reached purchase agreements with Morris Homes, Inspired Living and Burghley Land Ltd.
The Council bought the Cummins site in 2018 which, combined with adjacent land owned by Burghley House Preservation Trust, makes up the 14.7 hectare development site. The council bought the site in 2018 to ensure part of it would be used to provide jobs after the Cummins factory closed, and the designated commercial and mixed use areas will provide office space as well as a convenience store to serve the whole development.
Morris Homes will provide the residential development; Inspired Living the retirement village; and Burghley Land Ltd the commercial development.
SKDC’s Cabinet Member for Property and Public Engagement, Cllr Richard Cleaver, said: “This is a major development that will transform a derelict site into a thriving addition to the Stamford community. It will be a high-quality, well-designed and sustainable development with cycle routes and walkways into the town centre.
“It’s important to note that SKDC bought the former Cummins site in order to preserve employment use and we have remained true to that ambition.”
Outline planning permission for the site was granted in 2021 and the next stage in the planning process will see the three developers submit reserved matters applications early in 2025 for their parts of the development, along with an overall scheme to deliver joint infrastructure works on the site, including roads.
Cindy Cade, Group MD at Morris Homes, said: “We are pleased to be working with South Kesteven District Council to bring forward this exciting new development at St Martin’s Park in Stamford.
“This mixed-use scheme will offer a collection of premium and affordable homes ranging from two to five bedrooms. They will be designed to suit a range of demographics and lifestyles as well as some of the highest energy efficiency and sustainability standards.
“Following the success of our Cecil Square development, we are thrilled to continue our commitment to quality housing in the area, creating homes that will support the needs and aspirations of the whole community.”
