Fife council has signalled its support for the proposed £500 million Rosyth waterfront project.
The scheme’s backers heralded the decision of the council’s executive committee to support the principle of a mixed used development as a “major milestone”.
Plans for the former Ministry of Defence site were outlined last year and developers hope that they will lead to the creation of 3,500 jobs and £500m worth of investment.
A new masterplan will now enable Fife Council and Scarborough Muir Group (SMG) to work in partnership, and help “get the economy back to pre-2008 levels”. SMG director William McAllister said: “As one of Scotland’s largest urban regeneration schemes we are pleased to be making good progress as we work towards submitting a planning application.”
Mr McAllister added: “The new strategy means that new thinking is required and we look forward to working with council officers to deliver the clear political direction that has been given.”