Bristol is gearing up for the unveiling of large-scale plans to renovate the city's Temple Meads area, thisisbristol.co.uk reports.
Details on the Temple Quays Enterprise Zone are set to be announced in the coming days. Many are expecting a complete revamp of the area's historic train station, as well as numerous other additions to the surrounding areas.
The team behind the Enterprise Zone has spoken of its desire to create a long-term, 25-year vision for the area - which would see around 17,000 new jobs created and millions invested into Bristol's local economy. Around 400 firms are expected to move in over the next 20 years.
When unveiled, the plans will detail new squares/public places, a commercial shopping district, a marina and altered transport infrastructure. In order for it to be a success, the council is also thought to have relaxed building regulation, in the form of relaxed concessions on building rates and planning conditions.
Once completed, the area is expected to reinvigorate the Temple Meads area and make it one of the more desirable locations in Bristol to live, a move that may welcomed by local letting agents.
Speaking to westofenglandlep.co.uk about the development, Bristol City Council leader Barbara Janke explained: "Bristol has a huge amount to offer potential businesses wishing to invest.
"With its simplified planning and business rate discounts, the Enterprise Zone offers and exciting investment opportunity at the heart of the city and the South West region."