A LANDMARK regeneration project that aims to breathe new life into one of Penistone’s most historic sites has finally been given the go-ahead more than two years after plans were first mooted.
Local firm Fairbank Investments has secured planning approval for the transformation of the Coal Drops, the old Signal House, and the former railway siding site, one of Penistone’s most distinctive gateways.
The project will create a vibrant mixed-use destination combining heritage and modern design.
Plans include around 4,000sq ft of premium restaurant and bar space, 9,000sq ft of state-of-the-art offices, four contemporary hybrid business units, conversion of the original Signal House for multiple uses, and the restoration of the iconic Grade II-listed coal drop arches into retail spaces.
The regeneration is designed to honour the area’s rich industrial past while creating new opportunities for local people and businesses.
With planning approval now secured, Fairbank Investments is calling on local businesses, investors and organisations to help shape the next phase of Penistone’s regeneration.
The company is now welcoming expressions of interest from those keen to play a part in bringing the historic Coal Drops site back to life, creating new jobs, enterprise and energy at one of the town’s most iconic landmarks.
Antony Green, managing director of Fairbank Investments Ltd, said: “We’re absolutely delighted that planning permission has been secured for the Coal Drops regeneration.
“It marks a real turning point for the town and for a site that means so much to local people.
“Our vision is to preserve the significant heritage of the Coal Drops while creating a space that brings activity, employment and opportunity back to this important location.
“I’d like to thank Barnsley Council, Axis Architecture, and everyone who’s supported us through the planning process.
“We’re now ready to move forward and want to hear from businesses, investors, and anyone who shares our enthusiasm for Penistone’s future.
“This is a once-in-a-generation chance to be part of something very special.
“By combining sensitive restoration with forward-looking design, the Coal Drops project will not only safeguard an important piece of Penistone’s heritage but also drive lasting economic growth for the area.”
Hannah Kitching, who represents the Penistone West ward, praised the scheme and said she can’t wait for the project to be completed.
She added: “We are delighted that this planning application has been approved.
“It’s not just great news for the team at Fairbanks, but mostly for the Penistone community and local businesses.
“The Coal Drops are such a visible and iconic location, it will be fantastic to see them once this development is completed.”
For details on how to express interest in the project, or to view the updated plans, visit fairbankinvestments.com/projects/coal-drops-penistone.
