Social enterprise can now buy derelict Frome site
Somerset Council has unanimously agreed to sell a derelict site to a social enterprise, paving the way for its redevelopment.
The 12-acre Saxonvale site in Frome has been empty for decades, but a plan for more than 260 homes and a commercial space can now be taken forward by social enterprise Mayday Saxonvale.
The cost is being kept under wraps, but the authority is expected to use the proceeds to help plug its financial deficit.
Council leader Bill Revans said: "We believe we got good value for the asset for the residents of Somerset."
Paul Oster, director of Mayday Saxonvale, said the community "won" in the end.
"Its a bit unreal, I've spent four years imagining this moment in the distance and now here we are.
"I'm just delighted. We need to close the deal and then we're eager to get going."
The group has until the end of March to buy the site from the local authority.
It says it will deliver the "biggest community-led development in the UK".
This includes more than 260 homes, of which the group says at least 30% will be affordable.
There will also be employment space and community assets, which include a lido.
Any profits made from the scheme will go back into the community.
Mr Revans said: "I'm absolutely confident that they will deliver an excellent programme here.
"It's not an easy site to develop and we look forward to seeing everything Mayday have planned to be enjoyed by residents here."
Brigid Clark, 63, a Frome resident, said she's "so excited" about the council's "brilliant decision".
"It's huge for Frome. I have grandchildren here and I'm excited to see the project.
"I hope it can be rolled out to other towns and other parts of the country."
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