Sainsbury's is planning a massive expansion of its store in Street that would nearly double their floor space and create 170 jobs.
The unexpected deal also opens up the Street Business Park site next to the store for further investment.
The developers who own the Sainsbury's expansion land have been seeking an investor since they bought the ten acre site six years ago. They revealed this week that they are also in talks with several local manufacturers who will move to the site once the infrastructure is put in place.
That work, which will include a new access road, is being funded by Sainsbury's who hope to extend their current 32,000 square foot store.
The new store will be more than 90 per cent bigger but only take up a quarter of the extra land available.
A planning application for the extended Sainsbury's store will be presented in March or April, and with wider aisles and a broader range of both food and non-food items. It will also include an online home delivery service and a new first floor restaurant.
The extended store could create around 170 new full and part-time job opportunities for local people in addition to the 218 positions already at the store.
The developer who owns the land say that the Sainsbury's decision will open up the rest of the site to new businesses.
Mark Fitzgerald from Street Business Park says the company has already invested £2 million in the site.
He declined to comment on which businesses might now be interested in moving in as Sainsbury's neighbours or how much the company had paid.
"But they are local manufacturers and there will be new jobs created, not just companies relocating and taking jobs from elsewhere," he said.
David Lazenby, Sainsbury's town planner, said: "We have been looking at extending the store for some time and hope that the investment will bring forward the business park which will create even more employment in the town on top of the new jobs at our extended store."
To enable the proposed extension, Sainsbury's is buying the land from the owners of Street Business Park. The purchase would provide the funding for the infrastructure to move the development forward including the building of a new access road.
Mr Fitzgerald said: "We are delighted to be working with Sainsbury's as it will mean we can move forward on the Street Business Park development. We already have outline planning but the deal will provide the necessary funding to bring the development forward."
Sainsbury's will be holding a public exhibition in store on Friday February 22 (1pm-6pm) and Saturday February 23 (10am-2pm). Members of the project team will be on hand to answer any questions and provide further detail. hosting a public exhibition later this month.
To find out more, you can visit the dedicated website, www.sainsburys-street.co.uk which goes live after the exhibition. Alternatively you can contact the community relations team on 0800 130 3270, available weekdays between 9-5.30pm or via email at feedback@sains burys-street.co.uk.
What do you think? Does Street need a double-sized Sainsbury's? Will the boost in jobs on the business park make a difference to you and your family?
Write to The Editor, Central Somerset Gazette, Southover, Wells BA5 1UH or email ed firstname.lastname@example.org.