Plans have been unveiled to expand and redevelop a Tamworth business park, which developers say could create more than 2,000 jobs.
FI Real Estate Management (FIREM) has submitted a hybrid planning application for Drayton Manor Business Park, a development offering a combined value of £70 million for construction and employment investment over the next six years.
The company says the plans have the potential to create 1,400 permanent jobs and 659 construction jobs.
The site – situated four mile south of Tamworth town centre – currently extends over 41 acres offering 495,140 sq ft of industrial, logistics and office space.
The plans outline the delivery of 168,500 sq ft of new, targeted BREEAM ‘Excellent’ industrial units and an opportunity for extensive green space and ecology investment to promote wellbeing on the site.
Once complete, the real estate management company estimates that the gross development value of the project will be in excess of £100 million.
Tim Knowles, FIREM Founder and Managing Director, said: “We’re pleased to have submitted our planning application for the expansion and development of this strategic site, which signals optimism for future growth in the area.
“As a team, we’re committed to investing here and are eager to breathe life back into the business park, uniting sustainability and quality to bring a new wave of opportunity to this established industrial location.”
FIREM took ownership of the site in 2006.
Other proposals include the creation of a species-rich wetland and tree planting, as well as new foot and cycleways to improve movement upon entering the business park.
