Work begins on the massive regeneration of the old Meggitt site to build 500 new homes and business park


Work has started on a large regeneration project at the former Meggitt site in Coventry which will see the creation of 500 new homes and a business park.

The regeneration of the aerospace company’s former Holbrooks site is expected to create around 200 new jobs at the £ 35million business park alone.

The development has now been supported by an investment of £ 8.8million by the West Midlands Combined Authority.

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The site, off Holbrook Lane, housed Meggitt until he moved to Ansty Park on the outskirts of Coventry.

The company, whose customers include aviation giants Airbus, BAE and Boeing, began moving operations and staff to its new national headquarters in Ansty two years ago.

Five acres of the old facility are being transformed to create a new Holbrook business park, which is expected to generate around 200 jobs when completed.

The business park is being built by Chancerygate and will have 17 light industrial units while another part of the old 65-acre development site will contain 500 new homes.

A CGI of Holbrook Business Park, which will include 31 units totaling 254,000 sq. Ft.

West Midlands Mayor Andy Street said: “It is encouraging that the former home of one of our most successful businesses will once again provide quality jobs for locals.

“Throughout the pandemic, the Combined Authority has continued to invest in brownfield regeneration and it is these investments that not only create new jobs and energy efficient and affordable housing for the local population, but also reduce the pressure to build on our irreplaceable green belt. . “

Although most of its operations have been moved to Ansty Park, Meggitt has retained a small carbon braking facility at Holbrook Lane and the company’s athletic fields are retained as open space.

Chancerygate Development Director Mark Garrity said: “We are very pleased that work is underway at Holbrook Business Park.

“The initial phase of high quality urban logistics development will support the strong demand for industrial space in the West Midlands.

“We look forward to delivering a program that will meet the needs of businesses in the region and create new jobs. “

Access to finance was provided by Frontier Development Capital.

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