The outline planning application is for 2m sq ft of offices, residential, student accommodation and a variety of leisure and other uses located in a vibrant campus setting.

The application sets out plans to build over 900 homes, nearly 700 student flats, and more than 630,000 sq ft of office space and is estimated to have a £300m development value.

The linear park, which was formerly Boots, the Chemists’ headquarters and laboratories and has been vacant for 20 years, will include a five-star hotel and shops.

Nottingham City Council will now consider the planning application, which comes after several months of consultation and site evaluation, extensive design work and discussions with city stakeholders.

Christopher Ware of Conygar Investment Company, said: “Since purchasing the site, we have been carefully considering our plans for this high-profile site; it has seen a number of false dawns over the years and we have been working hard to ensure that our plans are realistic and will allow us to deliver an achievable scheme that will benefit Nottingham.

“We know how significant this site is for Nottingham and we are committed to delivering a scheme which is not only unique to the city but the UK.”

Lorraine Baggs, head of inward investment at Invest in Nottingham, added: “We are very pleased to see a planning application submitted for this significant site within the city centre. It is one of a number of planned schemes that forms part of the Southern Gateway and will breathe new life into a site which has sat unloved for many years.”

Conygar is working with regeneration specialist Lavignac Securities to deliver the site, which lies between Manvers Street at the bottom of Sneinton and London Road.