BUDGET store Poundland looks set to open a new shop in Weymouth town centre.

The retail giant has submitted a planning application to Weymouth and Portland Borough Council to install new signage at the retail premises 3-5 New Bond Street.

As part of the planning application, the firm would also rip out the front of the shop and install two new fixed glass panels and a new door.

A spokesman for Weymouth and Portland Borough Council confirmed it had received a planning application for the new signage, and a decision would be made shortly whether to grant consent or not.

The spokesman added that a change of use application was not needed for the premises.

The discount retailer made a reported profit of £23.4 million last year, and Poundland confirmed it was looking at purchasing new shops, but refused to confirm any details about the proposed Weymouth store.

A spokesman said: “Poundland is currently considering the acquisition of new stores to add to those already opened this year. The stringent acquisition process ensures the new stores are positioned in the right location and fit Poundland's customer profile.

“Due to the popularity of Poundland's product ranges, the organisation is keen not to raise anticipation for a new store before plans are finalised.

“Therefore, Poundland cannot disclose any more information at this stage. As soon as all details have been confirmed, Poundland will immediately release this information to the area in question.”