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Industrial

Research & Development

MIRA Technology Park South Site

MIRA Technology Park is one of Europe’s leading R&D campuses for transport technology, and a location for over 40 major international high tech engineering and clean tech companies. With global corporates such as Bosch, Jaguar Land Rover and Toyota alongside Electric Vehicle and hydrogen fuel cell innovators such as Polestar, REE and Viritech as occupiers, it comprises Europe’s largest and fastest growing innovation centres for high tech engineering, autonomy, electric and hydrogen propulsion systems.

The Technology Park contains 40 major test facilities developing technology in electric and hydrogen propulsion, autonomy and cybersecurity with over 106 kilometres of test tracks and test beds making it a unique world-class facility and a global attraction for companies to the UK. The synergy between the industry cluster and facilities at the existing MIRA Technology Park provides an opportunity for companies at the forefront of new low carbon and autonomous technologies to capitalise on this centre of technological development.

Whilst the Technology Park benefits from an existing planning consent for 139,716 m2, on completion it will comprise 377,580 m2. The new manufacturing South Site comprises an additional 42 hectares linking directly into the existing MIRA Technology Park site. It provides a highly complementary opportunity for approximately 215,000 m2 of large-scale advanced manufacturing and automotive-related development related to the low carbon research and development at Mira Technology Park

A £200m + funding opportunity for occupier-led investment in the industrial sector with potential also for a multi-phased development approach.

The South Site provides a rare opportunity for strategic advanced manufacturing facilities with associated links to the extensive R+D facilities at MIRA.

Key facts

  • Value: £260m+ GDV
  • Site size: 90acre
  • Timescale: 2022 – 2024
  • Delivery Timescale: Immediate
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Opportunity location

Why invest in Coventry & Warwickshire?

Talent, creativity, connectivity and culture are driving local development across Coventry & Warwickshire – a dynamic region in the UK Midlands.
With a 1,000-year history, we are looking to the future with local development being driven by cutting-edge technology.
Engineering and design expertise, combined with state-of-the-art research, led by the area’s two internationally respected universities, has seen it emerge as a forerunner in the development of the next generation of EV and connected autonomous vehicles. Key developments include, plans for a new 500,000sqm+ West Midlands battery ‘gigafactory’ , 37ha of employment land for manufacturing south of MIRA Technology Park and the UK Battery Industrialisation Centre (a £130m strategic investment in the UK battery supply chain).
Culture and creativity are also proving a strong catalyst for investment. Coventry as the UK City of Culture in 2021and 2022 has seen a national cultural focus on the city and the visitor economy and later this year the region will play a leading role in the 2022 Commonwealth Games.
Coventry & Warwickshire is also home to one of the largest video game development clusters in the UK, employing over 3,000 people, anchored around Leamington Spa which equates to over 10 % of the UK workforce located here and will form a key part of the new Leamington Creative Quarter project.

Insight for investors

  • Type of Investment Sought: Forward funding for identified occupier(s)
  • Value and cost info: £260m
  • Site Size: 90acre
  • Timescale: 2022 – 2024
  • Delivery Timescale: Immediate
  • Planning Status: The site is allocated in the North Warwickshire local plan for employment use (Class E/B2/ancillary B8) with a planning application programmed to secure an outline consent in 2022.
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Primary promoter

HORIBA MIRA Ltd and Evans Randall Investors