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Stockport council bosses warn historic mill is in ‘last chance saloon’ as they agree £60m loan and land sale

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Town hall bosses have warned that an historic mill is in the ‘last chance saloon’ as they rubber stamped a £60m loan and land sale.

Developer Capital and Centric is due to regenerate Stockport’s Grade II-listed Weir Mill, after planners granted permission to regenerate the site - including a controversial 14-storey apartment block.

It comes after several failed attempts at saving the town centre site which has fallen into serious disrepair over recent years. READ MORE : ‘Huge moment for Stockport town centre' as £60m plan to regenerate derelict Victorian mill approved At a cabinet meeting on Tuesday night, councillors signed off on lending Capital and Centric £60m to fund construction work through an investment facility the authority set

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