£130m engineering hub to house 1,000 jobs
Aerospace and defence engineering group Meggitt is to build a £130m factory in Coventry that will be home to 1,000 people.
The move will see its existing sites in Tyseley and Coventry, as well as Maidenhead, be closed and the work brought into the single site.
The 440,000 sq ft site at Ansty Park “represents a significant investment in the long-term future of Meggitt’s UK manufacturing capability”, the company said.
Tony Wood, Meggitt’s chief operating officer, said: “This planned new facility, adjacent to the Manufacturing Technology Centre and Advanced Manufacturing Training Centre, marks a major advance in the development of our global manufacturing footprint and strategically positions us for sustainable growth.
“By bringing world-class innovation and operational delivery together on this site we will accelerate Meggitt’s ability to meet the current and future needs of our customers worldwide.”
Jonathan Browning, chair of the Coventry and Warwickshire Local Enterprise Partnership, said: “This is very good news indeed, not only because it means an international company is expanding in Coventry and Warwickshire, but also because the work which will feature at this new complex further adds to the wealth of cutting edge R&D and transport innovation happening on our door step.”
The site will include an engineering and manufacturing Centre of Excellence for future aerospace thermal management technology, which is already supported by the UK Aerospace Technology Institute (ATI) with a research and development award from the Department for Business, Energy and Industrial Strategy of £3.7m.
It will combine a range of operations ─ Aircraft Braking Systems, Control Systems, Customer Services & Support and Corporate Shared Services ─ within an aerospace engineering and technology environment.
Business Secretary Greg Clark welcomed the investment. He said: “Our aerospace sector is one of the most productive in the world and Meggitt’s decision to invest £130m in a new site in Coventry will deliver a huge boost both to the sector and to the West Midland’s status as an internationally recognised aerospace and auto cluster.”
The Ansty Park site is scheduled to be open by the end of 2019.