The Isle of Wight council (IWC) planning committee unanimously approved an application to redevelop the former Atherfield Holiday Camp.
Planning officers recommended conditional approval for the application, which will see 63 holiday cottages built by April 2017.
At least 30 full and part time jobs are expected to be created.
The application was revised version of a previous plan which had been refused by the IWC Planning Committee as well as having an appeal rejected by the Planning Inspectorate.
Demolition of the current buildings is set to commence in September
Image: © Google Streetview
