The plans for the 220-acre Somerdale site had been handed over to the Bath and North-East Somerset Council planning committee in September but the council officials only recently signed off the last details of the scheme.
Taylor Wimpey’s Bristol office involves the construction up to 700 homes in several multi-storey blocks.
The masterplan also includes additional space for a retail shops, medical centre, a riverside cafe and a care home, as well as a 210-place nursery and a primary school.
According to the plans, some of the existing factory buildings will be used for creation of 10,000 square metre of employment space, which will attract companies to the area.
Demolition works of one of the existing factory blocks, named as Block D, are already underway.
Following these works, the developers plan to start the construction and early delivery of the Fry Club, the scheme’s new sports and social facility.
The entire project will be completed in the span of five years and will create 1,000 jobs during the construction phase.
Charlie Joseph, sales and marketing director for Taylor Wimpey Bristol, said: “As well as building much-needed new homes – including affordable housing – our development will bring many additional benefits to the local area, including new employment opportunities as the build progresses.”
Councillor Paul Crossley, leader of Bath and North East Somerset Council, welcomed the approval: “Combined with the £34 million regeneration of the town centre, this is another boost to revitalising Keynsham as great place to live, work and visit.
“The Council has been working hard alongside Taylor Wimpey to ensure that Somerdale has the right balance of homes, workspace for new local jobs and community facilities. This is an exciting development that will benefit residents both now and for generations to come.
Photo: Construction Enquirer