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Buddies will be winding their way down to Baker Street if ambitious plans to create a new theatre, cinema and performance space go ahead.

Paisley Community Trust has revealed the name of their development will be Baker Street after the iconic Gerry Rafferty song.

PAISLEY DAILY EXPRESS: Live news as it happens

Images of the striking building have been unveiled, showing it has been designed to reflect the Paisley skyline.

Businessman Gary Kerr and computer games entrepreneur Andy Campbell are the trustees behind the plans, which had an estimated building cost of £24.7million.

Gary said they want the area to become as iconic as the Merchant City in Glasgow or London’s Carnaby Street.

He explained: “We wanted to reflect the ambition for Paisley. A new thoroughfare will be created between Incle Street and Smithhills Street and we’re hoping to get it named Baker Street.

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“We were thinking about what to call it – is it a theatre? Is it a cinema? Is it a community arts hub? We didn’t want people to see it as just a building.

“Baker Street came to us and we realised it was the only thing we could call it.

(Image: PDE)

“Paisley’s rich performance heritage and the ambition we have is reflected in the name. The name elevates it onto an international level – everyone knows the song.”

The building will include a flexible 500-seat theatre space, restaurant and cafe and five cinema screens with one 170-seat, a 120-seat and three 70-seat cinemas which will show blockbusters but also arthouse and niche films

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Gary said the history of the site, which is currently a car park, is important to the trust.

• Paisley Community Trust has a public exhibition at the Piazza Shopping Centre tomorrow from 12noon till 5pm. All are welcome to go along to see the trust’s full vision.