Greyfriars rejuvenation scheme takes major step forward

04 June 2025

A transformative regeneration project is set to unlock the true potential of Northampton. The scheme will include the delivery of over 1000 new homes, jobs, green spaces, and cultural destinations that will benefit residents, businesses, and visitors across West Northamptonshire. 

West Northamptonshire Council (WNC) and ECF – a joint venture between Legal & General, Homes England, and Muse – have now entered into a Development Agreement to bring this ambitious vision to life. 

The Greyfriars scheme will revitalise a long-neglected area of the heart of the town centre, creating a vibrant, inclusive, and well-connected community that supports healthier lifestyles, economic growth, and a renewed sense of place. 

The 25-acre regeneration area includes the former Greyfriars Bus Station, Mayorhold and Victoria Street Car Parks, the Corn Exchange, Belgrave House, and the East and West Islands. The plans will deliver a dynamic mix of affordable, build-to-rent, and student housing, alongside shops, cafés, restaurants, and leisure spaces – all designed to foster a diverse and thriving neighbourhood. 

A new landmark public realm, including an outdoor amphitheatre and revitalised green spaces, will enhance the town’s cultural offer and provide welcoming, accessible spaces for all. The scheme will also significantly improve walking and cycling routes, connecting Greyfriars to the wider town centre and surrounding communities, and encouraging sustainable travel. 

The economic impact will be substantial, with up to 7,000 full-time equivalent jobs created during construction and over £1 billion in economic value unlocked. Once complete, the development is expected to boost local spending by an additional £21 million annually, supporting businesses across Northampton and the wider West Northamptonshire area. 

New homes including a diverse mix of affordable, built to rent and purpose-built student accommodation, will support a vibrant new neighbourhood, alongside shops, cafes, and restaurants as part of a dynamic new place. 

“This is a major milestone for a project that will redefine the future of Northampton and deliver lasting benefits for communities across West Northamptonshire. The regeneration of Greyfriars will not only revitalise a key part of our town centre but also strengthen our local economy, improve connectivity, and create a more inclusive and vibrant place to live, work, and visit.” Cllr James Petter, Cabinet Member for Local Economy, Culture and Leisure at West Northamptonshire Council

“West Northamptonshire Council has set out a bold vision for Greyfriars and we are looking forward to our collaborative and positive partnership. 

“Entering a Development Agreement will enable us to take the next important step in the delivery of this important opportunity. It’s a chance to enhance Northampton town centre with new homes, workspaces, retail, culture, and public spaces. 

“Together, we will move at pace to deliver a masterplan proposal which delivers against this opportunity.” 

Sir Michael Lyons, Chair at ECF

Community engagement will remain central to the development process, ensuring that local voices help shape the future of Greyfriars and that the regeneration reflects the aspirations and needs of the people it serves.