BREAKING NEWS: Sainsbury’s drops plan for Oakham store

Planning news.

Planning news.

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Sainsbury’s has decided not to build its proposed supermarket in Oakham.

The company confirmed today that the plan to develop the former Tresham College site was “no longer viable”.

A spokesman said: “We have not taken this decision lightly and are very disappointed we are not able to open a new shop in Oakham

“Since the proposals were first announced, shopping patterns have changed considerably and following a review, the scheme is no longer viable for us.

“We have been extremely grateful for the level of local support for the scheme and recognise that this news will be very disappointing to many people.

“We will work closely with the Council and others to look at longer term options for the site and will keep the community updated.”

The spokesman said Sainsbury’s was always looking for opportunities to open new stores and could look at other sites in Oakham in the future.

Discount food chain Aldi, which has planning permission for a 1,485sqm store in Lands’ End Way, {http://www.rutland-times.co.uk/news/business/business-news/aldi-unveils-plans-for-bigger-store-in-oakham-1-6806083revealed new plans this week to build a shop 20 per cent bigger than originally proposed.}

Tesco has planning permission to extend its store in South Street. In 2013, Tesco said the expansion was hold while it waited to see what happened with Sainsbury’s plans.