Retailers are aiming to create 80 new jobs

Two well-known discount chains will invest £8.5m in new branches in town

Around 80 jobs are to be created in Cowdenbeath after two well-known discount chains confirmed their intention to move into the town.

Lidl and B&M are to open new stores at the former North End Park site near Cowdenbeath High Street as part of both retailers’ expansion plans in Scotland.

The news represents an investment of more than £8.5 million in the town and the new posts being created are expected to be split evenly between the two sites.

Both companies have concluded formal contracts with London and Scottish Investments, which is developing the site and work to transform the former football pitch could begin later this year.

The news comes after Tesco pulled out of its plans for a supermarket on the same site, having been granted planning permission by Fife Council in 2013.

Bryan Wilson, development director with London and Scottish Investments, said: “We are extremely pleased that both Lidl and B&M are moving into this site.

“Cowdenbeath residents will be spoiled for choice, with two of the biggest names in UK retail now on their doorstep and this development represents a £8.5m shot in the arm for the local economy.

“We are busy completing the last of the formalities and hope to begin construction as soon as possible, with a target of welcoming the first customers though Lidl and B&M’s doors in late spring or early summer next year.”

Lidl will be installing an in-store bakery which will create up to 40 new, local jobs.

A further 40 jobs are expected to be created by B&M.

Residents will be spoiled for choice