Gloucester has successfully bid for £2.2m from the Government's Brownfield Land Release Fund to transform the long empty former Cattle Market at St Oswalds into new housing.
Richard Graham MP (left) and City Council Leader Richard Cook (right) at the site in St Oswalds with Gloucester Cathedral in the background
The bid which was led by the Conservative-run Gloucester City Council and supported by the City's MP will see the nine acre site behind Tesco's redeveloped to provide up to 300 homes, 180 of which will be affordable housing.
Gloucester's strong bid received the most funding of any project in the UK and was thanks to good local partnerships.
Cllr Andrew Gravells, Cabinet Member for Housing Strategy, said: "I'm delighted that my recommendation has resulted in this massive grant coming to Gloucester and I'm very grateful to Gloucester MP Richard Graham for supporting it."
The City's MP, Richard Graham, said: "What a great example of our Council and Rooftop Housing Association working effectively together to regenerate a long unused site close to the city centre for housing - and this funding means the project can go ahead."
The project will use environmentally friendly construction methods and the new homes will be energy efficient. Plans also include the use of a Sustainable Urban Drainage System.
This success is the fourth significant Government investment in Gloucester since 2020 following the £20m Levelling Up Fund award for city centre regeneration, £12.8m for transport works by the County Council and £1.7m to support the Gloucester Railway Station improvement works.
The site at St Oswalds which will provide 180 affordable homes and up to 300 homes in total