Saturday, August 15, 2020

Consent sought for new industrial scheme at Silverstone Park

MEPC has applied for reserved matters consent for an industrial scheme of 265,137 sq ft in the Enterprise Zone at Silverstone Park.

The new scheme increases the size range of units at Silverstone Park with the largest unit in the Phase 3 scheme at just under 100,000 sq ft (GIA), shell and core, as follows:

  • Unit 1130 – 28,673 sq ft
  • Unit 1132 – 97,956 sq ft
  • Unit 1134 – 48,117 sq ft
  • Unit 1136 – 90,391 sq ft

MEPC recently completed a major utilities upgrade to the whole site, creating fully serviced sites. The scheme also benefits from direct access from the Dadford Road via a new spine road system, currently under construction.

MEPC’s Roz Bird, Commercial Director at Silverstone Park, said: “The Phase 3 designs are a response to enquiries received from companies looking for larger units, up to 100,000 sq ft.

“The team has worked hard to design a scheme that can satisfy this identified demand and also offer flexibility to split the units. It will also be possible to convert from standard industrial units to R&D facilities for companies.

“Achieving planning consent in 2020 will bring the opportunity of a large, standalone facility at Silverstone Park closer to market. This means MEPC will be able to deliver a new 100,000 sq ft, shell and core building within 9-12 months of starting discussions with a potential occupier.”

A decision on the application for reserved matters consent is expected to be made this summer.

Meanwhile, MEPC’s latest scheme (‘Phases 1 and 2’) in the Enterprise Zone is currently at an advanced stage – the works are visible from the Dadford Road which passes the main entrances to Silverstone Park and the neighbouring Silverstone Grand Prix Circuit.

When completed later this year, the Phase 1 and 2 scheme will include new industrial units ranging in size from 6,000 sq ft to 40,000 sq ft (258,000 sq ft in all).

2017 saw MEPC construct 125,000 sq ft of industrial units. These are all now occupied, chiefly by high-tech engineering businesses making advancements in areas such as electronics, software development, energy efficiency, aerodynamics and light weighting.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

£200k loan to see Corby care service open new facility helping disabled adults

A Corby care service for adults with learning disabilities has secured a £200k loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed...

Amazon to create 1,000 jobs in East Midlands expansion

Amazon has announced plans to create 1,000 permanent jobs at a new fulfilment centre in Sutton-in-Ashfield as part of its expansion in the East...

Nottingham-headquartered financial adviser acquires counterpart

Palatine Private Equity-backed Wren Sterling has completed a deal with Corimar Holdings Ltd to purchase the assets of Frobisher Capital Ltd, an independent financial...

Plans approved for 400 new homes in Ripley

Construction work on new homes in the Derbyshire town of Ripley is set to begin after detailed plans for the scheme were approved by...

Time Out: Elliot Cook, Simple Marketing Consultancy

This week Simple Marketing Consultancy celebrated its 10th anniversary, so we caught up with Account Director, Elliot Cook, who joined the company four years...

Related news

Chance for Leicester businesses to get share of £2.6m in extended lockdown business grants scheme

Small and micro-businesses across Leicester which were forced to close during the city’s extended lockdown can apply for financial help under a new grant...

£200k loan to see Corby care service open new facility helping disabled adults

A Corby care service for adults with learning disabilities has secured a £200k loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed...

Amazon to create 1,000 jobs in East Midlands expansion

Amazon has announced plans to create 1,000 permanent jobs at a new fulfilment centre in Sutton-in-Ashfield as part of its expansion in the East...

Nottingham-headquartered financial adviser acquires counterpart

Palatine Private Equity-backed Wren Sterling has completed a deal with Corimar Holdings Ltd to purchase the assets of Frobisher Capital Ltd, an independent financial...