A £100 MILLION plan for homes and businesses at the former IBM site in Greenock is to go on public display later this month.

Sandy and James Easdale bought the 70-acre site through investment arm Arranglen for £1.5m last year and earlier hired Barton Willmore to design the Spango Valley site.

The Greenock businessmen are working towards the submission of a planning application in the new year for the mixed use development of the northern half of the former IBM factory site on Inverkip Road.

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A spokesman said indicative assessments include a provisional area for residential development delivering potentially up to 400 homes on nine hectares, with the area for business development on four hectares.

Credit: David Taylor TV

ARB Growth, the letting agent, said the plans for the site, which has its own railway station although trains do not currently stop there, will also show the associated roads, access, open space and landscaping proposals.

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The Morton sponsors’ businesses in the Arranglen Group include McGill’s, Arc Vehicle Rental and Blairs Windows, as well as Gourock bars the Old Wherry Tavern and Monteith’s.

The public exhibition events are being held on Wednesday 23 October and Tuesday 29 October, both from 2-8pm, at St Andrew’s Church hall, Auchmead Road, Greenock.