Wellington Town Council is granted a 150-year lease allowing the green space to be managed locally.
Local Democracy Reporting ServiceSomerset West and Taunton Council has been working on purchasing Fox's Field near Tonedale Mill and fields between Wellington and neighbouring village Rockwell Green since January 2021.
Mr Rigby said: "There is so much positivity from the people of Wellington and I look forward to seeing the area flourish over the coming years and supporting Wellington Town Council… on this exciting opportunity.
The Tonedale Mill area, including Fox's Field and the neighbouring Tone Works site, have been the subject of two failed bids to the government's levelling up fund, but further funding opportunities to regenerate the area are currently being explored.
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