£300m expansion set for Europe’s largest automotive R&D cluster

Proposals for a £300m expansion of MIRA Technology Park (MTP) in Nuneaton have been approved by North Warwickshire Borough Council.

Home of Europe’s largest automotive R&D cluster, private equity investor and developer Evans Randall Investors will now expand the 850 acre MTP by 2.3m sq ft to create a ‘South Site’.

Manufacturing and industrial facilities between 250,000 sq ft and 1m sq ft will be delivered and are expected to create 2,500 skilled jobs. 

More than 40 major companies are based at the park such as Bosch, Toyota, Jaguar Land Rover and Polestar, with the opportunity to use a mix of 40 test facilities.

Cushman & Wakefield are the appointed leasing agents for MTP. Evans Randall Investors will deliver the scheme alongside local development manager, Swanvale Developments. Stephen George + Partners has acted as master plan architect and Stantec has provided planning consultancy.

James Edwards, managing director of Evans Randall Investors, said: “We are excited to move forward with our plans for the expansion of MIRA Technology Park. The new South Site will further consolidate MTP’s status as a globally significant cluster with the ability to deliver a broad range of large-scale manufacturing, production and industrial facilities between 250,000 and 1 million sq ft. 

“Consents of this scale and flexibility in such a sought-after location are rare, and with macroeconomic and geopolitical factors continuing to highlight nearshoring and supply chain resilience as crucial strategic considerations for businesses, we are confident in capturing the continuing upward trajectory in occupier demand.”

Tim Nathan, managing director of MIRA Technology Park said: “We look forward to bringing the exciting vision for the expansion of MIRA Technology Park to its next stage with Evans Randall Investors. Over the past few years, we have seen a surge of investment in automotive and renewable energy transition, and the consented proposals for the South Site will further solidify the park’s position at the forefront of the UK’s R&D, engineering and production capabilities.”