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Gloucestershire Business News

Councils welcome next step for Golden Valley Development

Cheltenham and Tewkesbury Borough Councils have welcomed the next step forward on the road to the Golden Valley Development.

As reported by yesterday, St Modwen has been chosen as Midlands Land Portfolio's development partner for a section of the development.

The land owned by Midlands Land Portfolio - the property development arm of Severn Trent - will be predominately residential with open spaces and community provision.

Development partner named for Golden Valley Development 

Cheltenham Borough Council and Midlands Land Portfolio are the largest of multiple landowners with the 200 hectare mixed use development with the two councils leading the delivery as part of an integrated Garden Community.

Council leader Councillor Rowena Hay said:"This is a positive announcement and an important step towards us delivering a world class development.

"It will have far-reaching benefits for our existing communities, creating opportunities for employment, skills development, access to open space and community facilities and new homes.

"Collaboration will be hugely important and we warmly welcome St Modwen's involvement and look forward to working closely with them in the coming months and years."

The land owned by Cheltenham Borough Council will house a mix of residential and commercial development, including the bulk of the Cyber Central campus.

The council is in the process of selecting a development partner for its parts of the site.

Councillor Robert Bird, leader of Tewkesbury Borough Council, said: "The appointment of St Modwen is exciting news as their expertise will be influential in assisting the innovative Golden Valley Development to achieve its overall objective of being a fantastic new place to live, work and do business.

Councillor Andrew McKinlay, Cheltenham Borough Council's cabinet member for cyber and Safety, said: "The Golden Valley Development will be a high-quality and highly sustainable development and we have every confidence that the homes and open spaces planned by St Modwen will meet those exacting standards."

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