The project is set to provide up to 1,853 homes and over 18,000 sqm of commercial, retail, community, leisure and education space.

The outline application also includes the provision of a two-form primary school and a number of infrastructure improvements.

The 30-acre site has a gross development value in the region of £650m, with the scheme expected to create 250 construction jobs and up to 1,000 jobs once the site is completed.

Stephen Wicks, CEO at Inland Homes, said: "This is a major milestone for Inland Homes, at what will be one of the South East's major regeneration schemes.

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“By combining the expertise of our planning and remediation team with our rapidly growing in-house construction platform, we are in a unique position to be able to deliver a thriving residential and business community with the creation of thousands of new jobs and significant inward investment.

"The potential social and economic benefits of this scheme are huge, and at a time when the government is looking for solutions to solve the shortage of affordable housing, we are pleased to be able to work alongside the forward-thinking Broxbourne Borough Council to deliver this scheme.

“Furthermore – for our shareholders – we expect Cheshunt Lakeside to be a strong driver of capital and income growth for the business for many years to come."