Bancon Developments are seeking permission in principle to proceed with a business park development to the south of Stonehaven.
Should planning permission be granted, the extended town Business Park could attract up to 1000 jobs.
Bancon is applying for permission for a seven-hectare site adjacent to a 15-hectare one which was granted planning permission previously.
The business park has excellent links to the trunk road network.
Bancon is in advanced discussions with two prospective occupiers who would occupy a substantial proportion of the combined site.
The development would also lead to a major change in drainage from the area and help alleviate flood risk.
Bancon have said: “New drainage measures would be introduced at the site.
‘‘This would result in significant run-off water being redirected eastwards to the sea.
‘‘The remaining Sustainable Urban Drainage Systems (SUDS) designed for a one in 200-year event (as opposed to the standard one in 30-year designs) will be created at the site.
“The discharge rate of water post development will, therefore, be lower than the rate which currently flows from the land, substantially reducing (by c.20%).the peak flows in the Glasslaw Burn during storm conditions.”
Harry McNab, planning director of Bancon, said: “Following the very positive feedback we received from the public at a public exhibition of our proposals last November, we are now in a position to move ahead with a very significant part of the proposed development.’’