28 Mar 2018 Last updated at 12:00

Cowes regeneration plan approved

The regeneration programme on the Isle of Wight was given a major boost this week when the council’s planning committee approved a programme to create and protect 500 jobs in new industrial units, offices, shops and restaurants at Medina Yard in Cowes.

The new scheme will include re-construction of the sea wall, a new public slipway, new open space areas, a new riverside walkway and cycleway, 535 new homes and more than 18,000 square metres of non-residential space.
                                      
The project will also support the restoration of the world famous hammerhead crane, a symbol of the Island's manufacturing and marine heritage.
 
The scheme emphasises jobs from the start, as new industrial units for marine manufacturing will be built at the same time as the first phase of waterside apartments.
 
Councillor Wayne Whittle, Cabinet member for business development and regeneration welcomed the news: “These proposals show how attractive the Isle of Wight is to the investment and development community.

“The plans for Medina Yard are an exciting mix of new housing and employment in an area of Cowes that is long overdue some improvement.

“This clearly shows the enabling role this council will continue to play with others as well as delivering our own regeneration ambitions.”

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The hammerhead crane in 2016
The hammerhead crane in 2016
Factfile
  • Constructed in 1912 by Babcock and Wilcox for the Cowes shipbuilder JS White, the giant crane could lift up to 80 tons.
 
Cowes Isle of Wight