MP Ian Liddell-Grainger says the sale of the town’s trouble-torn marina should be the key to a new lease of life for the facility.
The marine has been sold for an undisclosed sum to The Marine Group which is already promising transformational works to turn it into one of the best in the country.
Negotiations over the deal involved the current owner, Watchet Harbour Marina Ltd, and Somerset West and Taunton Council and the agreement will see The Marine Group assume ownership from April 1.
Mr Liddell-Grainger, Conservative MP for Bridgwater and West Somerset, said he was both relieved and delighted at news.
He said: “With the repairs to the harbour wall now complete and development underway on the East Quay this is the third piece of good news for Watchet – and in my view the best.”
The marina has been beset by major siltation problems in recent years with boat owners complaining their access had become severely restricted as a result and many giving up their moorings altogether.
Mr Liddell-Grainger said the original design of the marina, which omitted a lock on cost grounds, was partly to blame for the scale of the siltation.
He added: “Clearly the development has failed to deliver the promised economic benefits as a result.
“But I am thrilled that it will be passing into the ownership of a company which has the experience, the drive – and the finance – necessary to turn its fortunes round.
“Watchet marina has a huge potential for delivering a massive upswing in the town’s economy and I truly believe we are now in sight of that happening.”