MIRA Technology Park, Southern Manufacturing sector in Warwickshire
A £260 million funding opportunity for occupier-led investment in the industrial sector with potential for a multi-phased development approach.
MIRA Technology Park is one of the UK’s leading enterprise zones and a location for over 40 major international high-tech engineering and clean-tech companies.
With global corporates and innovative electric vehicle as occupiers, it’s one of Europe’s largest and fastest-growing innovation centres for high tech engineering, autonomy, electric and hydrogen propulsion systems.
Capital investment - real estate
(Greener buildings, Real estate, Automotive, Offices, Infrastructure, Industrial & logistics, Science & innovation)
HORIBA MIRA Ltd
£260 million GDV
Detailed planning obtained
Time to Final Investment Decision (FID):
Sector and market opportunity
The site benefits from the recent large power and road infrastructure investment, which was to support the development of MIRA Technology Park.
Whilst progressing through planning, an early application would enable delivery of the development by early 2024.
MIRA Technology Park lies at the centre of the UK’s automotive industry, inside an economic growth corridor that can be accessed from the newly upgraded A5 road between Atherstone and Hinckley in Warwickshire.
Being situated on a major arterial route with excellent transport links, MIRA Technology Park has exceptional access to companies at the heart of the UK’s low carbon R&D and engineering sectors.
The location, together with the UK’s most comprehensive automotive proving ground and test facilities, makes MIRA Technology Park the preferred site for world-class companies that are focused on electrification, autonomy and cyber security.
Local talent and skills
MIRA Technology Park attracts the best engineering talent from across the globe.
The Midlands has a strong, advanced manufacturing and engineering base, while its 19 universities and the MIRA Technology Institute ensure future talent is nearby.
The technology park consists of 40 major test facilities and over 66 miles (106 kilometres) of test tracks, making it a world-class facility.
The synergy between the industry cluster and facilities at the existing MIRA Technology Park gives companies at the forefront of new transport technologies a chance to capitalise on developments in the transport industry.
Whilst the technology park benefits from existing planning consent for 139,716 square metres, on completion it will comprise of 394,830 square metres.
The Southern Manufacturing Sector opportunity will be an additional 59 hectares (146 acres) linking directly into the existing MIRA Technology Park site.
It provides a great opportunity for approximately 232,250 square metres (2.5 million square feet) of advanced automotive manufacturing facilities.
Environmental, social and governance (ESG) highlights
HORIBA MIRA can support businesses to propel energy-efficient electric and hybrid vehicles, products and systems into the marketplace.
It uses extensive simulation and modelling, combined with targeted and versatile development facilities to develop safer, cleaner and smarter vehicles.
It works with clients in the latest areas of vehicle electrification development, investing in advanced and versatile new facilities, and offering support from concept design through to final validation.
Promoters and partnerships
The development is being promoted and delivered by a joint venture between Evans Randall Investors and HORIBA MIRA who is owner of Mira Technology Park and operates the facilities from the park.
The partnership works closely with key stakeholders in the enterprise zone and southern manufacturing sector. This includes Leicestershire and Coventry & Warwickshire Local Economic Partnerships, West Midlands Combined Authority, Hinckley and Bosworth Borough Council and North Warwickshire Council.
Local and national government support
Supported heavily by the West Midlands Combined Authority, Leicestershire and Coventry & Warwickshire Local Economic Partnerships, Hinckley and Bosworth Borough Council and North Warwickshire Council.
Heat networks in the North East and Tees Valley
Heat networks form an essential and significant part of the UK’s plan to reduce carbon emissions, and The North East and Tees Valley are primed to lead the UK in delivering this.
Tyne Clean Energy Park
An exciting opportunity to invest in the North East’s most versatile clean energy park at the Port of Tyne.
Advanced Manufacturing Innovation District Scotland (AMIDS)
Investment at the Advanced Manufacturing Innovation District Scotland (AMIDS) focuses on re-energising Scotland’s local manufacturing base. Development opportunities include advanced manufacturing, aerospace and commercial offices. Investment opportunities include joint-venture partnerships.
Howbery Business Park in Wallingford, Oxfordshire
Creation of a centre of excellence for water, the environment and climate change, providing opportunities for collaboration across research, innovation and industry
Brent Cross Town
Brent Cross Town will be a new 1 million square metre (10 million square foot) mixed-use neighbourhood spanning 180 acres, with 50 acres of open space, parkland and playing fields.
Fawley Waterside aims to be one of the first net zero smart towns in Europe; spread over 400,000 square metres, it will sit inside the proposed Solent Freeport.
Cardiff Central Quay
A 200,000 square metre mixed-use regeneration scheme adjacent to Cardiff’s Central station, in the heart of the capital city of Wales.
Bicester Motion in Oxfordshire
Bicester Motion is a 444-acre branded commercial and leisure destination, strategically located at the heart of the UK’s mobility and tourism industries.
Newtown Works in Ashford, Kent
A mixed-use town centre regeneration project offering world-class film studios, apartments and commercial space at a heritage site next to Ashford International Station.
An immediate investment opportunity in a data-driven commercial development that’s focused on sustainability and clean growth.
Arden Cross in the Midlands
Arden Cross is a global destination for innovation, business, learning and living, across more than 140 hectares in Solihull in the West Midlands.
First Street in Manchester
A high-profile opportunity to invest in net zero commercial office space in the heart of Manchester City Centre.
Heath Park in Cheshire
A great opportunity to invest in an innovative, mixed-use regeneration and real estate park that’s focused on market-leading green technology.
An opportunity to invest in a £1.3 billion development along the Thames Estuary – a creative hub and new town centre providing homes, film and TV studios and community and transport infrastructure.
Perth West in Scotland
A strategic opportunity for debt, equity investment, co-investment or development funding to develop a net zero eco innovation business park and city expansion.
Clyde Gateway Green Regeneration Innovation District (GRID) in Glasgow
Thinking globally, acting locally. Clyde Gateway's GRID integrates real estate and climate resilience in a '20-minute neighbourhood' near central Glasgow.
Weavers Cross transport-led regeneration project in Belfast
Located alongside the largest integrated transport hub in Ireland, Weavers Cross is a 121,000 square metre regeneration project of mixed-use space.
Teesworks in North East England
Teesworks is a significant brownfield regeneration opportunity in the UK, with the largest and most connected industrial zone and diverse, sustainable and low-carbon activity.
The Waterside in Belfast, Northern Ireland
An opportunity to invest in a prime waterfront location in central Belfast – something that’ll cater for the office, hotel, serviced apartments, residential and private rental sectors.
Corporation Street and Tomb Street, Belfast, Northern Ireland
A substantial build-to-rent project in Belfast city centre, with a chance for early participation via different finance options - including equity share and traditional funding.
Harlow Innovation Park
This is an opportunity to forward fund or acquire future assets at the developing 10-hectare Harlow Innovation Park on an individual or multiple plot basis.
A new higher education institute in Milton Keynes
A chance to invest in MK:U, a new higher education institute for the digital economy, created with business and for business.
Kings Hall Life Sciences Park in Belfast, Northern Ireland
An opportunity to invest in the regeneration of Kings Hall Life Sciences Park. This project is a significant economic driver in the life sciences sector and it's already attracted government funding.
Titanic Quarter in Belfast, Northern Ireland
Comprising of 75 hectares or 185 acres of prime waterfront land, this project is one of Northern Ireland’s most important regeneration enterprises.
The Sixth, Royal Avenue, Belfast, Northern Ireland
An opportunity to invest in a mixed-use, 250,000 square feet space that will serve the Grade A office, creative and technology sectors.
A new high-speed terminus in Birmingham
Several major investment opportunities exist around the development of a new high-speed terminus station in Birmingham city centre.
Norwich Union House, Belfast, Northern Ireland
A chance to invest early in a 7-storey, mixed-use project in Belfast. There’s a variety of finance options available, including equity share or traditional funding.
GatewayEast in Doncaster
A chance to invest in a world-class destination for research, innovation and living, where sustainable environments and international connectivity create an opportunity for communities to thrive.
Interchange Commercial District in Wolverhampton
A chance for developers and investors to get involved with the Interchange Commercial District area in Wolverhampton, via a range of investment and delivery structures.
Speak to us
The government is identifying new projects across the whole of the UK. Investors who are interested in our projects can find out more by contacting us.Get in touch