The latest facility for the MIRA Technology Park automotive enterprise zone has begun for use by tier 1 companies in the industry.
MIRA Technology Park, the 1.75 million sq. ft. Enterprise Zone in Nuneaton, has begun work on Phase Two of its development, with the construction of a third multi-use building on the site.
The 27,200 sq. ft. building, ‘North West 3’, represents an investment of almost £7 million by the HORIBA Group and will house a number of global tier-one companies within the six secure facilities within the building.
The announcement follows the completion of Phase One of development in February, with the construction of key infrastructure on the site, which has paved the way for Phase Two of the development including the East, South and Centre Sectors of the Technology Park. This new building is located in the North West Sector of the Park, and compliments three other multi-tenant buildings constructed for various companies, alongside bespoke facilities created for Swedish company Haldex, and for Aston Martin.
The new facility – being built by local construction company Deeley Construction – is due for completion in November this year, and, when fully let, will accommodate 140 staff, with many of these roles being new jobs to the MIRA Technology Park site. Total jobs created at the Enterprise Zone stand at almost 450 since 2010 and this is expected to rise to over 2,000 jobs as the Park nears completion in 2025.
Terry Spall, Commercial Director at MIRA Technology Park, said: “Phase Two of MIRA Technology Park is now well underway with the construction of North West 3, which will create much-needed space for new and expanding businesses to join us on site. We are also expecting to be breaking ground on a further three new buildings this year.
“The construction of North West 3 further demonstrates HORIBA’s commitment to accelerating the growth of this automotive technology cluster and the job creation potential of the Enterprise Zone, and we’re looking forward to this next stage of development.”
MIRA Technology Park is set to be completed by 2025, and is rapidly gaining global recognition as a leading automotive technology cluster and is gaining broader interest as a strategic transport sector R&D location within the EU.