Financial concerns could stop plans for new Lidl and homes

Plans for a new Lidl supermarket and 62 homes in Nottingham could fall through after the housing developer behind it expressed financial concerns. The scheme was planned on the site of the former Chronos Richardson plastics factory off Belconnen Road, Beswtood estate.

This was so it met the council’s local plan, a document setting out how the development of housing, businesses and roads infrastructure can best benefit the area the council is responsible for.With all housing developments, developers typically agree to provide a Section 106 contribution. However, since the scheme’s approval MyPad says it can no longer meet its agreed financial contribution “due to commercial reasons”.

“It is considered that these factors therefore amount to a material change in circumstances since the committee originally considered the applications, which warrants further consideration by the committee.”

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