The park will provide around 2,500 advanced manufacturing jobs.
A planning application for a manufacturing and research park on the MIRA site to the south of the A5 has been approved.
More than 40 major companies are based at the park such as Bosch, Toyota, Jaguar Land Rover and Polestar, with the opportunity to use a mix of 40 test facilities.
Councillor Mark Simpson, the Chairman of Planning Board said, “The Council wholeheartedly welcomes this significant boost to the number of advanced manufacturing jobs in the Borough and to supporting the future of the national centre of technology that MIRA has become. The proposals will also provide highway improvements which will benefit residents living in Caldecote as well providing environmental benefits for the wider area.”
Tim Nathan, Managing Director of MIRA Tech Park, "We are thrilled with this announcement, which is a key milestone unlocking the next phase of this long-term project and which will further establish MIRA Tech Park as a globally attractive location and UK national asset.”
Final planning consent is subject to confirmation on section 106 and Highways final approval.
Today's headlines for Hinckley and Nuneaton
A5 reopened after collision
Hinckley and Bosworth MP made Shadow Health Minister
Age UK team will be on hand to help more pensioners in Leicestershire this winter
