AN important waterside building has been bought by British Waterways in its bid to safeguard properties of heritage value.

The Tontine Hotel in Stourport-on-Severn was boughtfor an undisclosed sum by the organisation which is regenerating the town's waterways.

Most of the building has been vacant for the past 40 years, though a pub has been using the central part of the hotel in Severn Side North.

"We're very pleased to have brought this property into British Waterways ownership," said commercial manager Tim Dalton.

"This site has a great deal of historical importance as well as huge potential.

"As it's situated within Stourport Basins, this building's development has a major part to play in the wider regeneration of the basins and the town.

"Now we've signed this deal it means we can ensure that it's restored to its former glory."

British Waterways cares for around 3,000 Listed buildings and more than 130 ancient monuments.

The company's aim is to protect the historic importance of the waterways while allowing them to flourish.

It has spoken to Wyre Forest District Council and the Stourport Civic Society to get ideas of how the Tontine Hotel can be regenerated.

"Our hope is that it will ensure a sustainable use for the whole building and make sure local people have a chance to enjoy this local landmark," said Mr Dalton.

BW hopes to retain the pub and hotel and allow access to the public in the remaining builidng.

"Stourport is like a jigsaw. We've spent considerable time getting all the pieces together and by working with our partners we'll be ensuring a future plan that drives forward the sympathetic regeneration of the town."

British Waterways is investing in the largest programme of repairs and conservation in the history of the waterways, including restoration works valued at more than £300m.

Old canal basins and waterfronts are being transformed into mixed-use quarters in many towns and cities and increased visitors and business activities have consequently led to increased funding.