DEVELOPERS have admitted defeat over long-running plans for an industrial, commercial and housing complex in Bakewell.
They have withdrawn an appeal to the Government over a proposed £25m redevelopment of the Riverside Business Park on the edge of the town after twice being knocked back by the Peak District National Park Authority.
After ten years of trying to secure approval, Litton Properties say they will now improve the site in other ways, managing it “more organically”.
Managing director Mark Twelves said, although legal advisers had been confident that the appeal would have been successful, directors felt that a revised scheme was no longer viable following the concessions that had been made.
“Although there was a small group of local objectors, we firmly believe that our proposals were supported by the site’s occupiers, most of the town and the wider community,” he said.
The project involved new industrial units, offices and 97 homes, with the developers saying the housing was needed to fund the cost of a bridge from the A6 and the industrial units.
Money would also have been used on flood defences.
Members of the planning authority objected to the loss of employment land and a lack of affordable housing and said there was inadequate information about the sustainability and viability of the scheme.
Litton complained that the decision had been taken against the advice of Peak Park officers.