Greenpower Park, UK Centre of Green Energy
Investment opportunities at the UK's only available site with both investment zone benefits and planning permission for a Gigafactory.
Located at the heart of the UK’s manufacturing industry, the Greenpower Park is a trailblazing centre of excellence for electrification, battery technology and manufacturing. With the West Midlands Gigafactory as its anchor tenant, it has unrivalled access to the most highly skilled workforce in the country. This groundbreaking location is the first of its kind, offering an all-in-one solution for battery research, industrialisation, manufacturing, testing, recycling and electrified logistics designed to foster the UK’s growing battery ecosystem.
The Greenpower Park in Coventry sits within the West Midlands Investment Zone which is focused on Advanced Manufacturing, providing significant tax incentives and breaks for investors and it has outline planning permission for a Gigafactory.
Adjacent to the pioneering UK Battery Industrialisation Centre, the Greenpower Park is perfectly placed to act as a hub for the rapidly growing battery industry.
The 309-acre Coventry site is located at the heart of the UK’s automotive industry in the West Midlands. It is the only site available in the UK which has already secured planning permission for a Gigafactory with production capacity up to 60GWH per annum, including a battery recycling facility.
Investment opportunity
Offering ultimate flexibility for future occupiers, this is an ideal opportunity for end user occupiers and capital investment funders.
Located within the West Midlands Investment Zone, the Greenpower Park can offer significant tax incentives and breaks for investors for up to 10 years, including stamp duty, land tax relief, business rate relief on newly occupied premises and national insurance contributions for new jobs created. In addition, there will be support available to develop the supply chain and skills as well as innovation and R&D for electrification.
- Planning Status: Resolution to grant outline planning consent: January 2022
- Promoter: Coventry City Council and Coventry Airport Limited
- Investment Type: End user Occupier/ Partnership / Direct development or Co-investment
- Scale/Value: £2.5bn+ GDV
- Sector: Industrial / Advanced Manufacturing
- Timeline: Delivery 2026 onwards
- Lead: Public/Private: Joint Venture – Public and Private
Website: www.greenpowerpark.co.uk