A DERELICT estate in Lanarkshire is the subject of a planned £50million regeneration project that would include luxury housing and a boutique hotel.

English entrepreneur Chris Naylor and the Lloyds business family - headed by Rob Lloyd who featured on Channel 4's The Secret Millionaire - are behind the plan to transform the Birkwood Estate in Lesmahagow, South Lanarkshire.

Chris Naylor said: "We've been in discussions over the past 12 months and are extremely excited that both our families will be working together."

The plans will go on show in Lesmahagow's Resource Centre from Wednesday until Friday this week.