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Vale of Glamorgan Council has backed the final phase of the 拢230m Barry Waterfront regeneration scheme that will see the construction of 2,000 homes, cafes, restaurants, hotels and a supermarket.

The plans, which are the work of a consortium made up of Taylor Wimpey UK, Persimmon Homes, and BDW Trading - Barratt South Wales, were originally submitted in 2009, but a 鈥渃omplex鈥� Section 106 agreement has only now been reached.

It dictates a minimum 15% affordable housing, 拢8m worth of local road improvements, a new primary school and a new 拢5m link road from Barrry town to Barry Island.

The final Section 106 agreement will see the developers providing a minimum of 15% affordable homes, and investing a further 拢8m to include local road improvements, a new primary school, sustainable transport measures, improvements to local community facilities, including water sports and public open space. The scheme itself will also deliver a new 拢5m link road from Barry town to Barry Island.

Consortium spokesman Richard Keogh said negotiations around the Section 106 agreement had been ongoing since planning permission was given last July.

鈥淭his is a massive investment in Barry, with wide-ranging benefits for the town and its surrounding areas,鈥� he said.

鈥淣ot only will the scheme help regenerate derelict land, but it will also create jobs, drive economic growth and hopefully encourage further investment in the area.

鈥淲e will continue to work with the council and other stakeholder parties to agree detail aspects of the scheme, hopefully taking us closer to a start on site this summer.鈥�