BBC News - Annan regeneration commitment sought 17 May 2013 Last updated at 10:49 A proposal has been tabled to commit £800,000 of council funding to unlock a key element of a regeneration masterplan for Annan. The money would be used to upgrade Windermere Road in the town to allow the development of a new business park and a major housing complex. The project is dependent on the completion of road improvements. Dumfries and Galloway Council is being asked to provide the upfront costs - most of which could be recouped. Neither Scottish Enterprise nor the owners of the site currently has funds available to finance the work. In a report to the local authority's policy and resources committee, officials said that created a significant barrier to progress and risked the delivery of the Annan regeneration masterplan. In a bid to find a way forward, councillors are being asked to approve a deal which would see the local authority provide the upfront costs of £800,000. The agreement would also contain a legal clause which would see the authority recoup 80% of the money from the land owners over an eight-year period. The council contribution of 20% - or £160,000 - recognises the significant improvement the work would make to the main access road into Annan town centre.