Contact the Capital Investment team for more details about this opportunity

Opportunity MIRA Technology Park Southern, Manufacturing Sector

A 200 million GBP funding opportunity for occupier led investment in the industrial sector with potential for a multi-phased development approach.

The Southern Manufacturing Sector provides a rare opportunity for a strategic automotive-related manufacturing facility with links to the extensive R&D facilities at MIRA.

Contact the Capital Investment team for more details about this opportunity.

Location

Nuneaton, Warwickshire

Project promoter

HORIBA MIRA Ltd

Scale

£260 million GDV

Sector

Advanced manufacturing, Automotive, Research and development, Energy component (real estate)

Investment type

Forward funding for identified occupier(s)

Planning status

The site is identified in the draft local plan for employment use (B1/B2) associated with MIRA and the automotive industry

Project background

MIRA Technology Park is one of the UK’s leading Enterprise Zones, and with over 40 major international automotive engineering companies such as Bosch, Toyota and Jaguar Land Rover as occupiers on the Park, it comprises Europe’s largest and fastest growing automotive R&D cluster.

The Technology Park lies at the centre of the UK’s automotive heartland, within an economic growth corridor accessed from the newly upgraded A5 road between Atherstone and Hinckley in Warwickshire.

About the project

The Technology Park contains 40 major test facilities and over 66 miles (106 kilometres) of test tracks, making it a world class facility and a global attraction for companies to the UK. The synergy between the industry cluster and facilities at the existing MIRA Technology Park provides an opportunity for companies at the forefront of new transport technologies to capitalise on this centre of technological development in the transport industry.

Whilst the Technology Park benefits from existing planning consent for 139,716 square metres (1.5 million square feet), on completion it will comprise 394,830 square metres (4 million square feet). The Southern Manufacturing Sector comprises an additional 59 hectares (146 acres) linking directly into the existing MIRA Technology Park site. It provides a highly complementary opportunity for approximately 232,250 square metres (2.5 million square feet) of automotive related advanced manufacturing facilities.

The site benefits from the recent delivery of major power and road infrastructure investment to facilitate the development of MIRA Technology Park. Whilst progressing through planning an early application would enable delivery of the development by late 2021.

Project promoter and partnership

The Technology Park development is being promoted and delivered by HORIBA MIRA who are both owners and operate their facilities from the Park.

HORIBA MIRA work closely with key stakeholders in the Enterprise Zone and Southern Manufacturing Sector which includes:

  • Leicestershire and Coventry & Warwickshire Local Enterprise Partnerships (LEP)
  • West Midlands Combined Authority
  • Hinckley and Bosworth Borough Council
  • North Warwickshire Council

Advisers to the project to date include:

  • Winckworth Sherwood, Cushman & Wakefield - legal
  • Barton Wilmore - planners
  • Geddes - architects
  • Waterman Group, Hoare Lea, Quantem Consulting - engineers
  • Milestone Transport Planning - highways

To invest in the UK, get in touch with our team.

Find out more about Mira Technology Park.