The agreement will see Lancashire County Council develop a master plan for a new mixed commercial hub that is expected to create thousands of new jobs. Land Securities will develop the first phase of the plan, delivering strategic infrastructure through a high quality employment, retail and leisure development designed to attract leading businesses to the area. This will ensure early and significant job creation and help unlock the full potential of the strategic site, by establishing the location as an attractive area for major businesses looking to locate in the region.
County Councillor David Borrow, Deputy Leader of Lancashire County Council, said, “Cities and regions have to compete for commercial investment, so for us to attract Britain’s premier developer is a significant endorsement for the Cuerden Strategic Regional Investment Site. By attracting a major delivery partner quickly, we are sending out a clear signal that Lancashire County Council is a good partner for business and that we value the jobs and investment that the private sector brings.”
Rob Noel, Chief Executive at Land Securities, said, “Land Securities thought long and hard about this project before committing. The combination of the Cuerden location and catchment area together with the leadership of Lancashire County Council convinced Land Securities that this was an exciting development.”
The Cuerden masterplan anticipates a phased development. Land Securities will provide strategic development expertise and consult widely to ensure the mix of uses on the site meets the strategic objectives of infrastructure improvement, jobs and growth. Rob Noel said, “By acting quickly and positively, we can attract major businesses to Cuerden who might otherwise locate outside the sub region. The environment we can create will help cement Preston and South Ribble as a major, forward-looking business destination for Lancashire.”
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