Type=image;ImageID=7780;ImageClass=left;ImageTitle=Former Edward Vaughan site;TitleClass=strong;
The council is working with Dunton Environmental on the former Edward Vaughan stamping works in Lower Horseley Fields.
The waste recycling company has a 5 year lease to use the land for processing materials from the building industry ready for construction.
The agreement will also see them clean up the land for residential use ready to hand back to the council in September 2020.
Councillor Peter Bilson, Deputy Leader and Cabinet Member for City Assets, said: "We are delighted to be working with Dunton Environmental on this site.
"The future development at Lower Horseley Fields will play an important part of the regeneration of the Canalside area of the city.
"The agreement will see Dunton Environmental clean up the land of this former industrial site and return it to the council in 5 years for residential use.
"It complements our multi million pound projects across Wolverhampton and will bring around 100 new homes."
- released: Monday 21 September, 2015