South Scotland

Stranraer waterfront regeneration deal extended

Stranraer harbour Image copyright Other

An "exclusivity deal" has been extended with the preferred bidder to take forward a potential £50m waterfront investment plan in Stranraer.

Dumfries and Galloway Council and Stena Line entered into a partnership with the McKinney Group last year.

It is looking at overhauling the East Pier - vacated by the ferry firm - for new retail, leisure and housing.

The council has also given the green light for a wider £3.5m regeneration of the town.

That cash package, which includes a mix of public and private finance, will target Stranraer's conservation area.

It will be used to refurbish "key buildings", address empty or derelict property, and offer improvement grants.

The extension of the exclusivity deal will allow further time to look at ways to "create new growth opportunities for Stranraer".

It means the council will not talk to other potential developers about regenerating the area.

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