A £90m retail plan in Macclesfield town centre was “overwhelmingly” approved by Cheshire East Council this week.
The 18,500 sq metre Silk Street development will provide a Debenhams department store, 19 larger stores, a ‘green landscaped’ multi-storey car park and hi-tech nine-screen multiplex cinema.
Cheshire East Council’s strategic planning board passed the scheme – a joint venture between the council and developer Wilson Bowden – on Wednesday.
Councillor Michael Jones, leader of the council, said leading retailers are looking to invest in towns with the right environment – and the Silk Street scheme offers that.
“Macclesfield has not been achieving its potential – and this landmark decision is a tremendous vote of confidence in its future. It will be a vital catalyst for the wider regeneration of the whole town and Macclesfield area.
“The Silk Street scheme is a once-in-a-generation opportunity to radically revitalise and boost the economy of Macclesfield and unlock its potential.”
The council is also developing its mixed-use scheme for the South Macclesfield Development Area.
Will Robinson, retail director at Wilson Bowden Developments, said: “We’re thrilled that a decision has been taken to support Silk Street as part of the wider vision to create a thriving, vibrant town centre in Macclesfield, offering something for everyone. We’re looking forward to starting work on the scheme and bringing the plans to life.”
The council said the scheme could boost spending in Macclesfield town centre by an estimated £40m by 2016.