Growth Area 5 – South West Leicestershire.
The South West Leicestershire Growth Area offers a unique combination of key commercial and employment hubs. These provide the opportunity to harness major employment and housing opportunities for Leicester and Leicestershire.
The M1 corridor (including the M69/M1 junction 21 location) and A5 corridor are crucial economic areas in their own right, with established and expanding services, distribution, retail and leisure roles providing thousands of jobs for the sub-region. 48
The area is also the major gateway to the Leicester Urban Area. Major Sustainable Urban Extensions and Strategic Employment Sites can create 9,000 new homes and 21 hectares of commercial development at New Lubbesthorpe, Earl Shilton and Barwell SUEs.
The success of these significant opportunities depends largely on the delivery of supporting infrastructure. Such investment, alongside other key initiatives such as the major upgrading of the Nuneaton-Felixstowe freight line, will also open up longer term growth potential in this area.
Transformational Priority – MIRA Technology Park
This is the LLEP’s Enterprise Zone. It will provide 1.75 million sq. ft. high quality R&D space on a 80 hectare estate, making it the largest transport sector R&D technology park in Europe.
It will create over 2,000 direct high value jobs and over 3,000 indirect jobs. The MIRA Technology Park is one of the most successful Enterprise Zones in the country and has already created over 250 jobs an attracted significant foreign direct investment.
- 23 ha land released
- 4,600 sq m floor space
- 4,000 homes
- 2,500 training places
- 1,600 new jobs
- 110 apprenticeships
Read more in our SEP