Coventry and Warwick Gigapark Investment Zone, incorporating Greenpower Park

The Coventry and Warwick Gigapark Investment Zone (CWGIZ) is a key strategic zone of nearly 250 hectares straddling Coventry City & Warwick District and the only UK gigapark site with planning permission.

The wider Investment Zone are consists of 4 sites: Greenpower Park, SEGRO Park Coventry, Whitley South and Whitley East. 183 ha are available for tax incentives such as full business rates relief for 5 years, capital allowance, stamp duty land tax relief, structures and building allowances and elevated employer national insurance contributions threshold.

Collectively the vision for the CWGIZ is to act as the key catalyst for driving the growth and modernisation of the West Midlands battery tech, automotive and wider future mobility sectors.

There is a market-ask for an anchor investor and operator at Greenpower Park, specialising in battery manufacturing and/or related future mobility supply chain activities.

The supporting sites are expected to then attract further investment and through linked IZ activities, catalyse growth opportunities for businesses operating in Advanced Manufacturing supply chains regionwide.

The West Midlands has one of the largest automotive research clusters in Europe, including R&D facilities for JLR, TATA, Lotus and Polestar, accounting for 60% of UK automotive R&D, highlighting the truly unique proposition which the Coventry & Warwick Gigapark offers.

Why invest in Coventry and Warwickshire?

Talent, creativity, connectivity and culture are driving local development across Coventry and Warwickshire – a dynamic region in the UK Midlands.

With a 1,000-year history, we are looking to the future with local development being driven by cutting-edge technology.

Engineering and design expertise, combined with state-of-the-art research, led by the area’s two internationally respected universities, has seen it emerge as a forerunner in the development of the next generation of EV and connected autonomous vehicles. Key developments include plans for a new 530,000m2+ Greenpower Park to include the West Midlands Gigafactory; 37ha of employment land for manufacturing south of MIRA Technology Park; and the UK Battery Industrialisation Centre, a £130m strategic investment in the UK battery supply chain.

Culture and creativity are also proving a strong catalyst for investment. Coventry as the UK City of Culture in 2021 and 2022 has seen a national cultural focus on the city and the visitor economy and the region played a leading role in the 2022 Commonwealth Games.

Coventry and Warwickshire is also home to one of the largest video game development clusters in the UK, employing over 3,000 people, anchored around Leamington Spa, which equates to over 10% of the UK workforce located here and will form a key part of the new Leamington Creative Quarter project.