Pub and restaurant plan for Promise House

The headquarters of a former finance company in Wolverhampton that has been empty for three years is to be turned into a pub and restaurant, creating 50 jobs.

Promise House, base of Promise Finance, has been taken over by Greene King and will be demolished and replaced with a pub.

It will have 77 parking spaces and will belong to its Hungry Horse label.

Promise Finance, which provided loans and mortgages, went into administration in 2008 after falling victim to the economic slowdown and recession.

Other parts of the group, such as master brokerage Promise Solutions continued as did Promise Dreams, the charity for seriously ill children of which it was the main sponsor.

The new restaurant will be built alongside 314 homes as part of a £150 million plan to create a mini village on former Goodyear land off Stafford Road in Oxley.

A new Aldi supermarket also recently opened there.