Research & Development
The 226 ha (558 acre) mixed-use development is on land east of Lutterworth and adjacent to M1 Junction 20 will include over 2,750 houses, 21.5 ha (53 acres) of employment space creating around 6,300 jobs, 100 ha (over 250 acres) of green space, new schools, community facilities, and a local retail centre.
The site is being led by Leicestershire County Council and is identified in the Harborough District Council Local Plan as a key employment and housing area.
Most of the site will be delivered through a joint venture partnership and a development partner will be established through procurement. 13 ha (32 acres) of land assigned for logistics / warehouse use will be retained by Leicestershire County Council for development and leasehold occupation.
- Major Development Site seeking to create 2,750 new homes
- 226 ha (558 acre) mixed-use development
- 21.5 ha (53 acres) of employment land
- 100 ha (over 250 acres) of green space, two new primary schools
- Creating around 6,300 jobs.
Why invest in Leicestershire?
Welcome to Leicester & Leicestershire – the largest economy in the East Midlands.
We benefit from outstanding assets including a vibrant, university city with a strong industrial and cultural heritage; two unique and inspiring Enterprise Zones; a UK Freeport at East Midlands Airport; three world class universities delivering cutting edge innovation, research, and design; a central location with strategic rail and motorway links, one of Europe’s largest distribution parks and the UK’s largest pure cargo airport; and two Manufacturing Zones. We’re home to Caterpillar, Next, Santander, Walkers Snack Foods (PepsiCo), IBM Client Innovation Centre UK and Amazon.
Key strategic developments include Leicester Waterside and Station Regeneration, Space Park Leicester, offering high-tech facilities and capabilities building on the University of Leicester’s space excellence; Loughborough University Science and Enterprise Park, a dynamic innovation community with serviced development land opportunities; and Lutterworth East a trailblazing, sustainable housing and employment development.
Leicester is considered one of the best cities to do business in. Unrivalled transport links, a skilled and talented workforce of over 2.8 million within a 1-hour drive-time and one of Britain’s most attractive and cost-effective places to develop, own or lease property – presenting huge investment opportunities.
Insight for investors
- Type of Investment Sought: Developers and occupiers
- Target Investor(s): Office; Industrial; Research & Development; Warehouse / Distribution occupiers and developers
- Site Size: 226ha
- Timescale: 2020-2030
- Delivery Timescale: 1 – 5 years
- Planning Status: Hybrid planning secured