Investing £250 million:
The Coventry and Warwickshire Gateway strategy for growth and £250 million investment will help to create up to 10,000 jobs in the immediate region in automotive, aerospace and digital technology; in manufacturing and logistics and in support services and facilities.
Great care is being taken to acknowledge and respect the Green Belt Status of the land. Whilst much of it is previously-used and contaminated, an extensive landscaped perimeter will create new habitat for flora and fauna, offer opportunities for casual or formal recreation and provide a high-quality, environmentally sensitive development.
Traffic congestion along the A45/A46 can cause serious peak time queuing. This is environmentally, socially and economically unacceptable and is a situation stifling investment in the area.
Extensive consultation with statutory bodies, groups and organisations has been on-going for some time. Exhibitions and presentations of the Coventry and Warwickshire Gateway have taken place in the region. Throughout the process, changes have been made to accommodate local issues and concerns, particularly with regard to highway matters and Green Belt land.
The site occupies an urban edge location and is strongly influenced by existing uses, including Middlemarch and Stonebridge Business Parks, Coventry Airport and the A45/A46. The site comprises a mix of existing developed and despoiled areas, farmland and other undeveloped areas.
The Coventry and Warwickshire area has a high level of employment deprivation in relation to the rest of England, despite long being known as a Centre of Excellence for engineering.
The evidence is of serious decline of a proud heritage over the past ten years – but that seems to be changing. Investment by Jaguar Land Rover and Aston Martin indicates potential reinvigoration of motor industry research, development and manufacture.
In order to sustain this turnaround, space needs to be available. At the moment it isn’t… The Coventry and Warwickshire Gateway aims to remedy this deficiency.