CONSTRUCTION has begun on a new business park which is expected to bring up to 1,600 jobs to Coventry.
Royal London Asset Management Property has broken ground at Pickford Interchange West Midlands, a 645,000 sq ft employment scheme on a 52-acre site in Coventry, with Graftongate as the development manager.
The £48million first phase will create nine units totaling 350,000 sq ft, designed for industrial, logistics, manufacturing, and R&D occupiers, and is scheduled for completion in mid-2026.
The project is expected to inject £150million into the local economy each year.
The groundbreaking ceremony was attended by representatives from Coventry City Council (CCC), Warwickshire County Council, main contractor GMI, and letting agency teams from Darby Keye, Hollis Hockley and BNP Paribas.
Coun Jim O’Boyle, CCC’s Cabinet Member for Jobs, Regeneration and Climate Change, said it was a big step forward in unlocking more employment in the city.
He said: “This land will help to attract new investment, which in turn will create jobs for local people.
“Foundations are being laid for sustainable economic growth in this location in the city, and it’s a clear signal that Coventry is open for business and investment.”
Coun Naeem Akhtar, Cabinet Member for Housing and Communities, added: “The Eastern Green development scheme is more than just new homes; it’s about the essential infrastructure that comes with it, including new access routes and, of course, new business opportunities.
“I was delighted to be at the groundbreaking and to see first hand what a significant investment is being made here.”
Visit www.pickfordinterchange.com for more information.
