Plans to place Britain at the epicentre of the green industrial revolution have taken a significant leap forward with the launch of Greenpower Park.
With the West Midlands Gigafactory at its anchor tenant, the ambitious project, designed to foster world-leading collaborations between industry, major academic institutions and stakeholders to drive the UK's ambitions in leading the transition to a cleaner, more sustainable energy future, has unveiled plans to create an end-to-end electrification and clean energy ecosystem at its Greenpower Park campus in Coventry - the only site in the UK with approved plans for a large-scale battery production facility with capacity for up to 60GWh - enough to power 600,000 electric vehicles and benefiting significant incentives associated with investment zone status.
Combining endorsement from nine local universities and a local business sector rapidly establishing itself as a leader in electrification and clean energy, the Greenpower Park campus will support the development of new businesses and manufacturing facilities with a unique package of incentives, combining investment zone status, approved planning permission and an unprecedented regional incentives package to kick start development.
With a strategic focus on electrification technology development and manufacturing, the centre aims to attract an unprecedented inward investment of £2.5 billion - creating 6,000 highly skilled jobs and placing the UK at the forefront of critical clean energy technologies - and is already attracting keen interest, with a number of Asian battery manufacturers actively considering moving to the site.
Located at the heart of the UK's manufacturing powerbase, and with official approval already secured for a gigafactory with enough capacity to power 600,000 electric vehicles - the initiative will help establish the UK as a strategic centre for vital electrification and clean energy technologies.
Capitalising on a future workforce of over 210,000 local students enrolled in relevant degrees and vocational courses to meet the electrification sector's needs, the project's backers believe that Greenpower Park's launch will prove a pivotal moment in the UK's transition to an electrified economy, as well as a significant leap forward in battery technology development and sustainable manufacturing practices.