Milton Keynes National Bowl could become home to the UK’s largest indoor waterpark, with the leisure development also potentially featuring a sports village and event venue.

The plans are being proposed by Moirai Capital Investments, which has now been granted a preferred bidder status by the Milton Keynes Development Partnership (MKDP).

The developer believes the attraction has the capability of creating around 650 full and part-time jobs, with the project costing in the region of £26m.

The sports village is to include a range of sports facilities, which can be used by visitors and locals alike, with the centre also accommodating MK Cycling and providing an option for an International Team training camp for the Rugby World Cup next year.

It is also thought that a new headquarters for Badminton England, which has already been granted planning permission, will be built as part of the development.

If a commitment contract is signed and plans go ahead, the Bowl Arena will also see a number of enhancements through investment, in a bid to ensure the Bowl improves its position as an important event venue in Britain.

“Moirai‘s proposals offer an exciting opportunity to enhance MK’s leisure offer and provide a major tourist attraction that will boost Milton Keynes’ profile as a vibrant and exciting place to live and visit,” said John Duggan, independent chair of the MKDP.

Moirai has gained approval in other leisure areas across the country recently, with local authorities in Torbay providing the developers with preferred status for a £45m leisure-based regeneration scheme.