Heantun, part of the Accord Group, will continue to use the Pendeford Hall Lane site as a horticultural centre, providing plants for its various housing schemes around the Black County as well as supplying seasonal fruit and vegetables for kitchens in its residential and sheltered care homes.
It also has plans to extend the range of facilities on offer to members of the public at Old Tree Nursery, including creating a café.
Additionally, the site will act as a base for Heantun's successful Skills for Life scheme, a training programme which helps people with learning disabilities or mental health needs to develop the skills and confidence they need to live more independently.
Sara Woodall, Chief Executive of Heantun Housing Association, said: "We have ambitious plans for the nursery and are working hard to clear the site at the moment so that it can be redeveloped and relaunched this summer. We plan to maintain the ethos of Old Tree Nursery, but make it bigger and better.
"As well as increasing the range of plants grown and sold from the nursery, we're planning to develop a cafe and gift shop on site. We're very keen to work with local people to develop Old Tree Nursery and we'd love to hear from anyone who is interested in either helping out with the venture, or who wants to share their views or opinions. Please can they email email@example.com with their details."
Old Tree Nursery was set up in 1986 to supply high quality produce to businesses and the general public while giving people with a learning disability the chance to earn a regular salary.
Councillor Steve Evans, Wolverhampton City Council's Cabinet Member for Adults, said: "Old Tree Nursery has provided employment opportunities for people with a disability over the last 28 years, and we are pleased to have reached this agreement with Heantun Housing Association. This will mean that the site can continue to help develop the skills and independence of local residents with learning disabilities for many years to come."
- released: Tuesday 12 May, 2015