HUNDREDS of new homes and jobs are on the cards after a housing developer snapped up a sought after site.

Social housing provider Hyde Group is overseeing Ropetackle North – the second phase of a major waterfront regeneration scheme in the heart of Shoreham.

The redevelopment of the three-hectare brownfield site, with views of the River Adur, follows on from a successful first phase by Adur and Worthing Councils and Berkeley Homes.

The vacant site north of the town centre has long been earmarked for redevelopment as it has stood unused for many years.

Hyde Group is working with Adur and Worthing Councils to build “high quality” family houses and flats, apartments, shops, offices, new public open spaces and improved riverside walks.

The firm is also working with HGP Architects, the same company that led the design of the Gunwharf Quays development in Portsmouth - which includes the Spinnaker Tower.

David Gannicott, Hyde Group business development director, said: “Boosting housing supply and stimulating the local economy is a priority for the Greater Brighton City region and these schemes will provide hundreds of new homes for all sections of the community.

"We also aim to maximise their social value, creating hundreds of jobs and apprenticeships during construction.

“The Greater Brighton region is set to become one of the highest performing urban economies in the UK.

"Construction on these, and a number of other projects across the region, is due to start in 2016 and we look forward to working with our partners to make a significant contribution to delivering the homes and jobs the area needs to underpin growth.”

Councillor Neil Parkin, leader of Adur District Council, said he was “delighted” to see an organisation with a track record like Hyde’s investing in the town.

He added: “Delivering new commercial premises and housing in Adur is a key priority for our ambition to grow our local economy.

“As one of the largest social landlords in the South East, Hyde's commitment to building affordable housing and sustainable communities is well established. Their plans to deliver new homes will play an important role in helping the council meet housing needs in Adur.”