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Development of farm land in Bradford on Avon will create up to 250 new jobs in the town.
The scheme at Kingston Farm, to the east of the town, will allow two firms to expand as well as creating space for start-up businesses.
An application for the proposals, which include a new factory, offices and a work-hub for small firms, as well as 138 homes, woodland and allotments, has just been submitted to Wiltshire Council.
The scheme is being led by BOA Property Ltd, C G Fry & Sons and landowner Shaun Moulton.
The development will allow Anthony Best Dynamics to move into larger premises keeping its 45 workers in Bradford on Avon. This move will in turn enable Moulton Bicycle Company to move into ABD’s current factory providing the firm more space to expand its operations.
Mr Moulton, who is also director at Moulton Bicycles as well as the landowner, said the project had been five years in the planning.
He said: “The land was set aside a long time ago for the extension of Bradford on Avon and we really have been creating a picture to create the best possible extension to the town.
“The first stages of that were to look at the two businesses already on the farm, Anthony Best Dynamics and Moulton Bicycles, both companies needed to grow and stay in Bradford if possible.”
He added: “We want to make this a worthwhile development, keeping employment and these two companies in the town and providing family homes for the future.”
The 138 homes will be a mixture of one bedroom apartments up to five bedroom houses and include 20 per cent provision of affordable housing.
More than five acres of the land will be allocated for allotments, woodland, public open space and natural play areas.
Work is expected to start by spring next year, and the project is hoped to be finished by 2019.
An exhibition of the proposals is being held at the Coach House, Swan Hotel, Bradford on Avon on Friday, May 17 between 2pm and 5pm.
For more information visit www.kingstonfarm-boa.co.uk