ALMOST 500 jobs are set to be created at a new business park in Coventry on the former Meggitt aerospace site.
Work to transform part of the site off Holbrook Lane has been completed after 24 months.
The new Holbrook Park is now home to 31 industrial and warehouse units spread over 12 acres, with some of them already occupied.
The site has stood mostly empty since Meggitt moved the majority of its operations and staff to new headquarters in nearby Ansty four years ago.
Planning permission has already been granted for 500 new homes on another part of the 65-acre site.
Meggitt’s former company playing fields are being kept as open space for the local community.
Another plot is being retained by Meggitt as a carbon brake facility.
The project has been funded by the West Midlands Combined Authority, which has invested nearly £24million into the regeneration.
Coventry City Council’s cabinet member for jobs, regeneration and climate change, Coun Jim O’Boyle, said: “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.”
