A decision has been made to progress the 12-acre heritage site, Saxonvale, which is situated in the heart of Frome.
At a meeting of the Somerset Council Executive, hosted by Frome Town Council at the town hall yesterday (31 July 2024), Acorn Property Group were selected as the preferred party.
Members of the Executive considered a range of options, including two unconditional offers from Mayday Saxonvale and Acorn Property Group.
The six-hour marathon meeting featured questions from public speakers and included input from other Somerset Councillors.
Consultants CBRE UK (Global Commercial Real Estate Services) were present throughout the proceedings to provide expert independent advice to Somerset Council and advised on matters of viability and deliverability.
In reaching a decision, Members considered their legal obligations to seek ‘best consideration’ for all Somerset Council taxpayers.
Leader of Somerset Council, Cllr Bill Revans, said:
It was an incredibly difficult decision, but we agreed unanimously to proceed with Acorn Property Group as the preferred party.
There was clearly an overwhelming desire for all concerned to see progress made at this brownfield site.
After much consideration, and with considerable burden upon us, made a decision in good faith to proceed down a path which we hope will see the site developed.
Leader of Frome Town Council, Cllr Steve Tanner said:
We congratulate Acorn – they now have to deliver on the promises made for the sustainability of our town centre, providing homes, jobs, and leisure facilities fit for the future.
We must take this opportunity to acknowledge the hard work and commitment that Mayday have put into their vision for this site – although disappointing now, their entrance into this arena has ensured a much better outcome for the town.
Further due diligence will now be undertaken as the Council moves towards next steps. A public commitment was made by the Leader of the Council, Cllr Bill Revans, that local Members will be kept informed of matters.
Acorn Property Group plan to develop the site into a mixed-use, sustainable neighbourhood with contemporary, high-quality, living and work spaces including affordable housing and public areas.
You can discover more about the path to progress by exploring our dedicated Saxonvale webpage here: Saxonvale in Frome (somerset.gov.uk).
Background papers can be found here: Agenda for Executive on Wednesday, 31st July, 2024, 2.00 pm – Modern Council (somerset.gov.uk).
