A PROPOSED multi-million pound development could bring more than £10 million into the local economy per year, as well as almost 350 jobs.

The 27-acre Crosslee Park, set for the site of the former Crosslee tumble dryer factory on Brighouse Road, in Hipperholme, will cost around £60 million to build.

Developers, Crosslee Properties, must first secure outline planning consent.

But an independent study by economic development consultancy, Hatch Regeneris, on behalf of Crosslee estimates the project would bring an additional £10.7 million of economic value for the local area every year.

It also outlines that the development would crate 348 full-time jobs.

This includes, 140 constructions roles for the anticipated four-year build programme, 100 jobs within the proposed 10 industrial units (which will range from 2,500 square feet to 20,000), 60 in a care home 30 roles at a food store, and 18 in a McCarthy & Stone retirement village (which includes 24 bungalows).

Hatch’s report states that, when combined, these jobs will provide an estimated gross value added (GVA) of £10.7m each year for the local area,

GVA is an accepted measure of economic value generated by a development.

Subject to outline planning consent being secured, Crosslee Park will also provide 106 private one to five-bedroom houses, including affordable homes.

Hatch estimates these homes could generate a gross annual increase of £3.3m in household expenditure.

Crosslee Properties director David Ross, who is also Crosslee’s chairman, said: “Our objective from the outset has been to provide Hipperholme and its surrounding areas with a viable, sustainable, employment and value creating asset that will revitalise our former manufacturing site.

“The team at Hatch have been meticulous in producing this report and it gives a clear indication of the economic value we intend to deliver with Crosslee Park.”

The report also estimates that additional socio-economic benefits will be provided.

These include improved health and wellbeing for older residents through both the provision of specialist housing and a neighbourhood which promotes social interaction and exercise.

Hatch also anticipates reduced healthcare costs due to specially adapted housing being provided which can reduce the number of hospital visits.

Mr Ross said: “We are proposing to build a multi-generational residential development for local families with the added benefits on an onsite food store and industrial trade park which will provide employment opportunities.

“We are also committed to Crosslee Park being as sustainable as possible, both in terms of the way it is designed and constructed, and the green, open spaces it will provide for residents, workers and visitors.”

Crosslee Park will feature four-and-a-half acres of mature woodlands and public open space, as well as a tree and grass-lined pedestrian and cycle "green corridor" route running through the development.

The green corridor will provide a primary pedestrian and cycle link between Brighouse Road and St Giles Road.

Crosslee Park will also include pedestrian and cycle links with the recently approved Taylor Wimpey development of 91 new homes to the north of the site.

To deliver further sustainable benefits for the local community, there will be electric vehicle (EV) charging facilities at all properties, communal EV charging in car parks and an onsite EV car club for use by residents of Hipperholme and Crosslee Park.

The masterplan for the development was designed by Leeds-based Whittam Cox Architects.

Crosslee Properties’ application will be heard by Calderdale Council’s planning committee in due course.