Grimsby Town’s plans for constructing a new stadium have moved a step forward after developers were given an option to purchase a proposed site for the venue.

A Cabinet of North East Lincolnshire Council yesterday (Tuesday) approved an option for five years to buy the council-owned land at Peaks Parkway, subject to development and planning permissions.

The English League Two football club’s proposed Community Stadium development features a 14,000-seat stadium, a new ice rink, additional sports and leisure facilities, as well as retail, and food and beverage offerings.

The project is set to cost more than £250m (€293m/$309m), with the club and its development partners stating that around 600 full-time jobs will be created as a result.

John Fenty, director of Grimsby Town, told the Grimsby Telegraph newspaper: “It has been a long time coming. I am delighted with the outcome.

“The scheme has been through the mill and it has undergone rigour and transparency. Being a councillor I have stood aside. The outcome has been arrived at in the due democratic process and I am delighted with it.

“The developers are very confident they can deliver the enabling investment to create a community stadium and leisure facilities that will make it a leisure destination and a reasonably large amount of affordable housing.”

Grimsby have played at Blundell Park, which has a capacity of 9,000, since 1899.