NEW homes and maritime job opportunities will be created as part of a major development.
Portsmouth City Council’s planning committee has approved plans to regenerate the former Vosper Thornycroft shipyard, known as Trafalgar Wharf, on the outskirts of the city.
It paves the way for Quadrant Estates to build 163 properties in three and four-storey buildings as well as in a 10-storey structure.
New commercial space will also be created.
Now that the scheme has been approved, the developers can unlock cash from central government to pay for a new flood defence barrier – bringing £164m worth of benefits to the area.
The barrier will help to protect residents living on the site as well as surrounding properties and the nearby Castle Trading Estate. Fareham Borough Council raised fears that the 10-storey building at the site, on the edge of Portchester, could affect views of Portchester Castle.
But this was dismissed by English Heritage and the council committee, which both believed the historic attraction would not be affected.
Cllr John Ferrett, who represents Paulsgrove ward, said: ‘Overall, it’s good news.
‘We need housing and we would hope that a number of these units are affordable for local people, but it’s very good news to have the flood defences as part of this planning application.’
Cllr Darren Sanders, standing in for Cllr Gerald Vernon-Jackson on the committee, said: ‘This is excellent, it’s a long overdue development of this site.
‘It’s a sustainable development that will create the homes and jobs we need.’
Cllr Sanders requested that money from the investment should go towards improving transport in Paulsgrove, but that has yet to be agreed.
Jonny Boys, Trafalgar Wharf, managing director, showed images to the committee of the 24-acre site to highlight how it needed renovating.
‘It’s definitely not in it’s first flourish of youth,’ he said.
‘I am passionate about this.
‘Trafalgar Wharf needs to be regenerated as a whole.’