THE developer picked as the preferred buyer for the Saxonvale site in Frome has withdrawn from the process in a shock move.
Somerset Council selected Acorn Property Group as the preferred party to take on the 12-acre site after a six-hour meeting of the Executive on Wednesday.
However, this afternoon, the firm said it had withdrawn from the process as “the local community does not wish to work with Acorn”.
A spokesperson said: “Acorn property Group prides itself on working with local communities to provide much-needed regeneration through residential-led schemes.
“Further to the meetings on July 31 regarding Saxonvale, it has become clear that despite our best efforts to collaborate with all stakeholders, the local community does not wish to work with Acorn.
“Therefore, we have decided to withdraw from the process.
“Acorn wishes Frome and the local community the best of luck in developing this wonderful site in whatever direction they choose to take.”
READ MORE: Somerset leader ‘hopes’ Saxonvale decision will lead to development progress
READ MORE: ‘Sad day for Frome’ as Acorn developer picked for Saxonvale project
It comes after Acorn’s bid was accepted unanimously by the council instead of the not-for-profit social enterprise, Mayday Saxonvale.
After the news broke, leader of Frome Town Council, Steve Tanner, said: “We are aware of the statement Acorn have made that they have withdrawn their bid for Saxonvale.
“We have spoken with Somerset Council about this and they have indicated that they are currently considering their options.
“We will remain in touch with Somerset Council and await further information.”
So is it a “sad day”, or a “shock” for Frome? I was hoping Somerset Leveller would help, but it’s just adding to confusion!