
The 22-year-old frontrunner, who scored four goals in 18 starts (and 15 substitute appearances) in 2011-2012, established himself as an integral part of the Pilgrims’ forward line during the second half of the season.
The former Nottingham Forest and Notts County striker, who has also played for Hinckley United and Eastwood Town, put pen-to-paper on Friday afternoon after agreeing to stay at The Jakemans Stadium.
Teenage full-back Jason Field has also penned Conference forms after being named on the club's retained list.
Fairclough and Field are the latest players to commit their futures to United as Jason Lee shapes his squad for the new Blue Square Bet North campaign.