Greyfriars regeneration to create 7,000 jobs and boost local economy

West Northamptonshire Council (WNC) and ECF, a joint venture between Legal & General, Homes England and Muse, have signed a development agreement for the Greyfriars regeneration in Northampton, which is set to create up thousands of jobs.

The scheme is expected to create up to 7,000 full-time equivalent jobs during construction and unlock more than £1bn in economic value. 

The project will also deliver over 1,000 new homes, jobs, green spaces and cultural destinations in the town centre.

The 25-acre site covers the former Greyfriars bus station, Mayorhold and Victoria Street car parks, the Corn Exchange, Belgrave House, and the East and West Islands. 

Plans include affordable, build-to-rent and student housing, as well as shops, cafés, restaurants and leisure spaces.

Once finished, the development is forecast to boost local spending by £21m a year.

Councillor James Petter, cabinet member for local economy, culture and leisure at West Northamptonshire Council, said: “This is a major milestone for a project that will redefine the future of Northampton and deliver lasting benefits for communities across West Northamptonshire. 

“The regeneration of Greyfriars will not only revitalise a key part of our town centre but also strengthen our local economy, improve connectivity, and create a more inclusive and vibrant place to live, work, and visit.”