IT’S full steam ahead for Swindon’s regeneration following the signing of a multi-million pound development agreement.

Modus Properties has committed itself to deliver Regent Place, a £215m scheme made up of 32,500sq m of high quality retail, residential, leisure and car park spaces.

It will be one of the largest regeneration projects in the South West.

Peter James, chief executive of The New Swindon Company, said: “Considering the economic conditions currently facing the UK we are delighted to be able to announce the completion of the Development Agreement with Modus and the Muse Agreement which will be completed quite soon.

"Swindon is bucking the national trend – the town has absolutely massive potential and these developments, which are a major investment into Swindon’s future, will go a long way to realising it.

”They will provide the quality of design and new facilities that the town deserves, benefiting those who live, work and spend time here. “