Work is set to commence on a massive warehouse park in the Leicestershire countryside later this spring after planners gave the green light to proposals for a new £225m employment park on which parcel delivery firm DPD will operate.
The plans allow for a £150million, 39 acre super-hub for the parcel delivery firm which is expected to create 750 new jobs, and further warehousing and space for manufacturing and light industry which is expected to create a further 1,650 jobs.
Coleshill-based IM Properties (IMP) will create the new 82-acre employment park – Hinckley Park – which will be situated near Junction 1 of the M69.
In a report given to councillors, the park is expected to contribute around £20m to the area’s economy during the construction phase, rising to around £47m a year when fully developed. DPD’s new facility will create 750 new jobs.
David Smith, planning director of IMP, said the park would look to generate jobs across the manufacturing, light industrial and logistics sectors, by attracting new companies to the area and providing space for local businesses to relocate and grow.
“Naturally, we are delighted with the decision and fully committed to working in partnership with the council, residents and businesses to ensure the scheme delivers long-lasting economic benefits for Hinckley and the surrounding area,” he said.
“DPD’s decision to create its super-hub at Hinckley Park is a major boost and our vision remains to deliver a high-quality, sustainable business park which is not only a great place to work, but also generates significant amounts of employment opportunities for business and the community.”
DPD’s investment in the site follows a period of sustained growth for the company, driven by the boom in online shopping in the UK and DPD’s own investment in market leading technology. When operational it will handle some 71,000 parcels an hour.
The new hub will be DPD’s fifth in the UK and will be located just two miles from the firm’s Hub 4 and International Gateway in Sketchley, which both opened in 2015.
Dwain McDonald, DPD’s CEO, said: “I am delighted to announce this very significant investment in new jobs and infrastructure. We are continuing to experience strong growth in demand for our services, which is why we are announcing another massive hub project less than three years after we opened Hub 4.
“We’ve developed really strong links with the area and it is fantastic to be able to invest again in Hinckley. A large part of that decision is based on the excellent workforce here and knowing that we can recruit a good quality team locally was key for us. We already know that the location works brilliantly for us and having the two hubs and our International Gateway in such proximity will give us a huge amount of flexibility.”