Up to 300 new jobs are coming to Southampton as part of the next phase of the city's iconic Centenary Quay development following a deal which will see work start next month.

Contracts have been exchanged between Crest Nicholson and the Homes and Communities Agency (HCA) for the third phase of the £500m development, which will include a new Morrisons supermarket, 329 homes with further retail and restaurant space.

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Partners have welcomed the agreements, which will unlock an estimated £61m in private sector investment in the local area and has also seen Morrisons agree to take a long lease on the supermarket to be constructed at the riverside development in Woolston.

Crest Nicholson has built the residential-led first phase of Centenary Quay and the construction of the second phase comprising apartments, a nursery and a new library is well underway. The recent deal with Morrisons confirms that the next phase of the development will follow closely behind.

The HCA has invested significantly in this phase of the project, including £2m via the National Affordable Homes Programme to deliver 72 affordable homes and a loan of £1.96m from Get Britain Building to support a further 56 homes on the site.

(CD)