A PUBLIC exhibition to show residents the proposals for a multi-million pound regeneration project is expected to be held next month.

A PUBLIC exhibition to show residents the proposals for a multi-million pound regeneration project is expected to be held next month.

Plans to redevelop the site of the former B&Q store in Grafton Way have moved a step closer as a consultation with the public is set to begin soon.

Spenhill Regeneration Ltd, a wholly-owned subsidiary of Tesco, bought the site earlier this year and is currently putting together firm proposals, which include building a range of retail units, including a Tesco store, and some housing.

A spokesman said: “We are talking to the local councillors and we are trying to put together an exhibition.

“This will hopefully be held some time in September.”

The site was closed in September 2006 and has remained vacant since then.

The company has stated that it will not apply for planning permission until a full public consultation takes place. If the project gets the go-ahead, it could mean hundreds of new jobs in the town.

The date of the exhibition is to be confirmed.