Media giant Haymarket could be moving its headquarters to Richmond College as part of redevelopment plans on the site.

Last week the Haymarket Media Group announced plans to create its new UK headquarters in the borough, bringing 1,100 staff currently located in Hammersmith and Teddington.

Following months of discussions, the governing body of Richmond College agreed on July 3 to explore the possibility of Haymarket basing its HQ on the Egerton Road site.

If discussions with Haymarket are successful the company will buy part of the 21 acre site alongside land sold for residential housing. Richmond Council has also allocated £10m towards the project.

Kevin Costello, chief executive of the Haymarket Media Group, said: "Relocating to the college site would create a unique opportunity for young people to move from school to college while experiencing the rewarding opportunities that a company like Haymarket can provide.

"We are already committed to merging our offices and moving to a bigger site that’s a model for a truly modern multi-platform media company.

"With our tenants Pinewood due to move their filming facilities from our Teddington Studios complex to their main studios in 2014, the time is right."

"Richmond College principal David Ansell said the opportunity could “really put our college on the map.”

Lord True, Leader of Richmond Council, said: “This is a potentially pioneering and unique partnership and while there is still a lot to discuss, I do believe that by bringing Haymarket, Richmond College and the two new schools together on one site we will improve the quality of education and employment options for young people around the borough.”

The redevelopment plans so far include a new building and facilities for Richmond College, a new secondary school, a new home for Richmond’s Clarendon School for special needs and a new UK HQ for Haymarket.