Greenpower Park

Located at the heart of the UK’s manufacturing industry, the Greenpower Park is a trailblazing centre of excellence for electrification, battery technology and manufacturing. Sitting within the Coventry and Warwick Gigapark Investment Zone, with the West Midlands Gigafactory as its anchor tenant, Greenpower Park has unrivalled access to the most highly skilled workforce in the country.

This ground-breaking location is the first of its kind, offering an all-in-one solution for battery research, industrialisation, manufacturing, testing, recycling and electrified logistics designed to foster the UK’s growing battery ecosystem.

The Greenpower Park straddles the border of Coventry city and Warwick District and sits within the West Midlands Investment Zone, which is focused on advanced manufacturing, providing significant tax incentives and breaks for investors and it has outline planning permission for a Gigafactory.

Adjacent to the pioneering UK Battery Industrialisation Centre, the Greenpower Park is perfectly placed to act as a hub for the rapidly growing battery industry.

The creation of Greenpower Park will act as a catalyst for a fully integrated and globally competitive battery industry ecosystem, securing the UK’s high-tech electrified future. The West Midlands is the heart of the UK automotive industry, and Greenpower Park will create a centre of excellence for battery technology and manufacturing with access to the world-class skills, talent and supply chain capabilities.

The region hosts a mature automotive sector linked to a national and international supply chain, with an economic value of £3.2bn GVA, employing around 80,000 people. Meanwhile, Coventry and Warwickshire has emerged as a centre of excellence in battery technology, research, and development. The region is home to the UK Battery Industrialisation Centre (UKBIC), the Advanced Propulsion Centre (APC), and WMG at the University of Warwick.

The promoters are now mobilising a successful local partnership, created around the delivery of UKBIC, a one-of-a-kind facility designed to scale up UK battery manufacturing, adjacent to the site. This will not only deliver a West Midlands Gigafactory, but ensure it can immediately plug in to an advanced automotive eco-system at Greenpower Park.

Greenpower Park is the only available site in the UK with planning permission for a gigafactory and sitting within an Investment Zone, which means significant tax incentives and breaks for investors for up to 10 years.

As such, it is the best site in the UK for battery development, manufacturing and recycling offering the following benefits:
• Stamp Duty Land Tax relief
• 100% business rate relief on newly occupied premises
• 100% first year capital allowances for expenditure on new plant and machinery
• Zero-rate employer National Insurance contributions for 36 months for each new job created
• Central location offers advantages for the UK supply chain
• Unrivalled access to the most highly skilled workforce in the UK for a gigafactory
• The skills capital of the UK – nine universities, 220,000 students
• Adjacent to the world-renowned UK Battery Industrialisation Centre
• Powered by 100% renewable energy

Greenpower Park has the potential to deliver up to £2.5 billion inward investment and £450 million direct gross value added per year. It offers a benefit-cost ratio in excess of 10 over just five years. It will create thousands of new direct jobs and many more in the supply chain.

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.