FM Group’s application for the Ury Estate development, near Stonehaven, is backed by a “world class” golf course designed by American multiple Major winning golfing legend Jack Nicklaus.

The plan is for the restoration and conversion of Ury Mansion House into a hotel and clubhouse, and dozens of homes.

It comes as an independent report concluded that the golf course and housing development will inject £55.5m into the Aberdeenshire economy over a 15-year period and create 200 new jobs.

Jonathon Milne, director of FM Group, said: “This much-anticipated and highly welcomed golf development stalled during the recession but is now fully back on track and, if it proceeds, will really put Stonehaven on the map, attracting tourists and boosting business in the town.”

The ultimate plan is to turn the B-listed property into a luxury hotel and clubhouse and create a mix of affordable and luxury housing in landscaped grounds.

Jack Nicklaus said: “Aberdeenshire is a beautiful area and this site is particularly special.

“I have visited on a number of occasions, and I think Ury Estate provides us all the components to create a memorable golf experience.”

The planning application is expected to go before Aberdeenshire Council in May or June.