The Building Construction Industry will receive an £80 million boost as the government approves Hinckley’s regeneration scheme which will be a major source of work for contractors and people in the building engineering sector. 

The news about the significant redevelopment of Hinckley’s town centre, Leicestershire, comes after 12 years of discussions about the future of the project.

As reported on BBC News today, the regeneration scheme will build 24 new retail and restaurant units, 111,000 square foot Sainsbury’s store and a new bus station.

Hinckley & Bosworth Borough Council welcomed the decision of the government to give the green light for the project which will encourage future economic growth and create new jobs.

Stuart Bray, the leader of Hinckley & Bosworth Borough Council, said: “This is fantastic news for the town and means we shall soon start to see things happening. The exciting new shopping and commercial scheme will give the town centre a further boost, thanks to a superstore, cinema, fashion shops, family restaurants and a major new shoppers’ car park alongside a re-designed bus station. We are now looking forward to working with the developer on the construction programme.”

Although, an exact date wasn’t given for the start of the projects, the two developers behind the scheme, Wilson Bowden Developments and Ashcroft Estates, are to complete construction work in 2014.

Director for the joint venture, Tony Baker, said: “This is a crucial step in securing the delivery of this important project for the future of Hinckley. It will not only improve the retail provision in the town centre but provide much-needed new employment. Whilst there are a number of steps to be completed before work starts on site we are now able to move forward with confidence knowing that the entire site can be delivered.”

What is your reaction to the £80 million regeneration scheme for Hinckley? How beneficial the development is going to be for you and your business? Share your thoughts by leaving a comment below: