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£1bn Cornwall housing development put on hold

A 5,000 eco-home development planned by Eco-Bos in the St Austell region of Cornwall has been halted due to planning concerns.

The £1 billion scheme would have seen homes and green spaces built on five former china clay processing sites near Penwithick, Bugle, Par, Trewoon and Nanpean.

Eco-Bos submitted a planning application in February 2011 for the development, which was set to comprise 40 per cent affordable housing.

However, CN understands the company is holding back on the application while a potential legal challenge is being reviewed. The company is now scaling back its operations as a result of “prevailing conditions” in the sector.

Eco-Bos said there were “two significant challenges in progressing at our intended pace”, namely the struggling economy and “a planning framework still in a state of evolution”.

The firm added: “While there is ultimately a strong belief in a positive outcome to the long-term regeneration of mid-Cornwall, we feel that the prevailing conditions … mean that we will not progress significantly in the short term.

“We therefore have to take a pragmatic and realistic approach in how we manage the situation and its impact on our project at this time.

“We have come to the conclusion that we need to re-structure the company and, for the foreseeable future, scale back our operations associated with the project.”

Eco-Bos is a joint venture between Orascom Development and Imerys.

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