The sustainable site is being developed by Haboakus – a joint venture between Kevin McCloud’s company Hab and housing group GreenSquare – and the Homes and Communities Agency.

Site preparation work will start imminently with Markey erecting fencing and removing asbestos from the existing buildings.

McCloud said: “The great thing about this project is that it really has emerged out of the community.

“This is a very important place to local people that has been fenced off and hidden from view for far too long. It’s a privilege to be part of the process of getting it back to life and reestablishing it as a real heart for the neighbourhood.”

Markey managing director Richard Dudgeon said: “This is a fantastic project for us and we’re looking forward to working with the team and to breathing new life into this landmark site.

“As a business that’s committed to sustainable development, Cashes Green really plays to our strengths and we can’t wait to get started.”