Evans Randall Investors and local development manager Swanvale are set to press ahead with a £300m expansion of MIRA Technology Park in Nuneaton.
North Warwickshire Borough Council has approved their plans for 2.3m sq ft of manufacturing and industrial space, which will add to the existing research and development facilities.
The park is a home to the automotive sector, with 40 businesses based on the site including Bosch, Toyota, Jaguar Land Rover and Polestar.
James Edwards, managing director of Evans Randall, said: “The new south site will further consolidate MIRA Technology Park’s status as a cluster with the ability to deliver a broad range of large-scale manufacturing, production and industrial facilities between 250,000 sq ft and 1m sq ft.
“Consents of this scale and flexibility in such a sought-after location are rare, and with macroeconomic and geopolitical factors continuing to highlight nearshoring and supply-chain resilience as strategic considerations for businesses, we are confident in capturing the continuing upward trajectory in occupier demand.“
Tim Nathan, managing director of MIRA Technology Park, said: “Over the past few years, we have seen a surge of investment in automotive and renewable energy transition, and the consented proposals for the south site will further solidify the park’s position at the forefront of the UK’s research and development, engineering and production capabilities.”
The plans were designed by Stephen George + Partners with Stantec as planning consultant; Cushman & Wakefield was the leasing agent.
Image from Evans Randall
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