Green technology park initiative launched in Coventry

Plans to place Britain at the heart of the green industrial revolution have taken a significant leap forward with the launch of Greenpower Park in Coventry, setting the stage for significant investment in green electrified technology and skilled job creation.

With the West Midlands Gigafactory as its founding tenant, the project is designed to foster world-leading collaboration between industry, major academic institutions and stakeholders and drive the UK's ambitions in leading the transition to a cleaner, more sustainable energy future.

The site is currently the only one 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 will support the development of new businesses and manufacturing facilities with a unique package of incentives to kick start development.

With a strategic focus on electrification technology development and manufacturing, the centre aims to attract inward investment of £2.5 billion - creating 6,000 highly skilled jobs.

Capitalising on a future workforce of more than 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.

"The unveiling of Greenpower Park with the West Midlands Gigafactory marks a transformative moment for the nation's net zero landscape," said Cllr Jim O’Boyle, cabinet member for jobs, regeneration and climate change at Coventry City Council.

"This ambitious initiative is not merely about setting the groundwork for the next generation of electric technologies and sustainable manufacturing practices. It is a clarion call to the world that the UK is open for business, ready to lead the charge in the green industrial revolution.”

Greenpower Park is part of a public private joint venture agreement between Coventry City Council and Coventry Airport Ltd, with support from West Midlands industrial groups, local government, and academic institutions such as the West Midlands Combined Authority Coventry University, and the Manufacturing Technology Centre.

Greenpower Park

https://ukgigafactory.com

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