I WOULD like to clarify the position in relation to the arrangements between the Lancashire County Cricket Club, Tesco and the Council, as part of a sports-led regeneration programme.

There appears to be some misunderstanding in relation to the value of the land on which Tesco propose to build a store (subject to planning permission and consents).

The site is made up of two portions of land, one which Tesco already has legal rights to and a second adjoining parcel of land, which would be worth approximately £1m if sold separately to a different purchaser. In joining the two parcels of land, the council has been able to substantially increase the value of the whole site and generate a contribution from the receipt from Tesco of around £21m which will be invested into sports regeneration in the area. This funding is only available as a result of the proposed sale to Tesco as only Tesco, with their existing rights in part of the site, could buy the larger site at the higher value. The investment of around £21m in the LCCC scheme will act as a catalyst for the wider regeneration of the area and will include the creation of over 600 jobs, boost access to sport, improve education and training and will pour £16m added value per year into the local economy.

As part of the project proposals there are plans to establish an Academy (from the merger of Stretford High School and Lostock College), improvements to highways and the physical environment and increased access to training opportunities.

Councillor Matt Colledge, Leader of Trafford Council