HOPES are high that a major national retailer will create a multi-million pound operation in a Suffolk town.Supermarket giant Waitrose could be set to move into Stowmarket after Marks & Spencer pulled out of a project in the town last year.

HOPES are high that a major national retailer will create a multi-million pound operation in a Suffolk town.

Supermarket giant Waitrose could be set to move into Stowmarket after Marks & Spencer pulled out of a project in the town last year.

Seventeen months ago developers were given the go-ahead for proposals that were forecast to bring a £9million boost to the town, including a new M&S food store.

The major scheme, at the former Seamans builders' yard, would have created more than 110 jobs, but M&S decided not to proceed with the deal last July.

Now, a new planning application has been submitted on the site that will create a retail development, possibly for a rival.

Although no operator has been named in the new application, Waitrose said yesterday it was aware of an opportunity to trade from the site.