Work to transform a former aerospace firm’s site into a new business park where nearly 500 jobs will be based has been completed.
Part of the former Meggitt site in Holbrook Lane, Coventry, has been turned into 31 industrial and warehouse units, which are being offered to businesses, following two years of construction work.
WMCA bosses say 500 jobs will be based at the new Holbrook Park
The West Midlands Combined Authority (WMCA) said it had put nearly £24m into the site which has been empty since the aerospace company moved to Ansty village.
Planning permission has also been granted for 500 new homes on another part of the land, the WMCA added.
Andy Street, West Midlands mayor and WMCA chair, said: “It’s wonderful to see how this WMCA investment has been able to breathe new life into this large and landmark site.”
Holbrook Park sits on 12-acres of the former aerospace manufacturing site. The remaining 53 acres are to become a housing estate, with the playing fields being kept as open space for the community.
Another plot has been retained by Meggitt as a carbon brake facility.
The WMCA worked on the project in partnership with urban logistics property developer Chancerygate.
“This is a real win, win – Meggitt has relocated with some support from us and now this new business park is set to be the home to new businesses providing new jobs for local people,” added Jim O’Boyle, cabinet member jobs, regeneration and climate change at Coventry City Council.