Investors have submitted outline plans for a £300m expansion of an automotive and low carbon engineering research and development (R&D) technology park in the Midlands.
Developer and investor Evans Randall Investors has applied for permission from North Warwickshire Borough Council to develop MIRA Technology Park (MTP) in Nuneaton.
The proposed extension would almost double the capacity of the site from 1.2m sq ft to 3.5m sq ft.
Located to the south of the original facility, the proposed Southern Manufacturing Sector will link directly into the existing MTP site.
The project is expected to create up to 2,500 additional jobs and increase the site’s manufacturing and low-carbon-related facilities. The park is already home to over 35 major international companies including Bosch, Jaguar Land Rover and Toyota.
MIRA Technology Park managing director, Tim Nathan, said: “The proposals set out an exciting vision for the expansion of the park, which builds on recent momentum. The past year has seen investment in renewable energy generation, including a hydrogen electrolyser that will deliver green hydrogen for R&D use and the low carbon innovation hub.”
He added: “This planning application will further solidify the park’s position at the forefront of UK R&D.”
Evans Randall Investors managing director James Edwards said that the project would attract global companies, while at the same time retain local talent and investment.
Last month, a specialist mechanical and electrical firm was appointed to McLaren Construction’s £200m site for the new Aston Martin Formula One headquarters at Silverstone, Northamptonshire.
Meanwhile, a major project to construct a ‘gigafactory’ to produce electric vehicle batteries is already underway in Northumberland.