Construction of a housing project on the site of a former RAF base should begin shortly after the Homes and Communities Agency agreed a deal with the developer overseeing the project.
Regeneration specialist St Modwen will lead the project at the former base at Locking, near Weston-super-Mare, which will see 100 new homes built by mid-2013.
Of these, 40 will be private homes, 30 will be for affordable housing, and the remaining 30 will be available to buy or part own through the HomeBuy Direct scheme.
As well as housing, the project also includes the construction of a 557 sq m office space and serviced plots for the development of a 1,300 sq m building and Innovation Centre.
The long-term plans for the site, which will be renamed Locking Parklands, include 41, 806 sq m of office space, and 1,500 new homes.
HCA head of area David Warburton said: “It’s great news that work to transform Locking Parklands is set to start after Christmas and a testament to the work that has been put in by the partners to reach this stage.”