Jaguar Land Rover looks set to announce a further £500m investment in a new production facility in the West Midlands.
According to the Birmingham Post, the automotive manufacturer has its sights set on a 30 acre site in Coventry.
The Birmingham Post reports that the proposals are for a scheme on Gateway North, next to Coventry Airport on the A45, and is expected to deliver a double boost with a further 30 acres earmarked for JLR suppliers.
Progress in the next phase of the expansion had been held up by problems connecting the two sides of the A45, but mammoth plans are due to be announced this week which would see a £35m bridge built over the A45 between the two sites.
Phase two of JLR’s plans is the purchase of the Gateway North site, which will house thousands of staff, mainly to do with the company’s back office functions. Administrative jobs at Whitley are also set to move to the site.
A planning application is expected to be submitted to the council and Warwick District Council by 8 February.
The city council said the plans covered JLR’s current site alongside part of a new 60-acre site south of Whitley and could create “thousands of new jobs”.
The announcement followed “months of detailed negotiation” involving JLR, the council and Coventry and Warwickshire Local Enterprise Partnership (LEP), it added.
LEP chairman Jonathan Browning said: “It is hard to over-state the importance of this announcement.
“Just last year, Jaguar Land Rover doubled the size of its land around its world HQ at Whitley, and this, in turn, is another doubling in size.”
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