Wolverhampton's i54 expansion moves to next phase
The expansion of the i54 business park on the edge of Wolverhampton has moved into the next phase – with preparation for factory platforms and infrastructure works starting.
It follows the early completion of works to create an access road at i54 South Staffordshire on the county border with Wolverhampton.
The western extension will deliver up to 100,000 square metres of ready-made development platforms for companies.
It is anticipated new occupiers could start arriving from 2022, providing new job opportunities for local residents.
The current i54 site has a workforce of around 2,700 people, with half of the jobs held by people living within a 10-mile radius and the biggest employer being Jaguar Land Rover.
Wolverhampton Council, Staffordshire County Council and South Staffordshire Council have agreed a funding and delivery strategy for the first 60 acres of the extension.
Wolverhampton Council economy boss Councillor Harman Banger, said: “This is welcome news at what is otherwise a very difficult time for all due to the coronavirus pandemic.
"i54 plays a big part in the lives of many families in Wolverhampton and Staffordshire and we are determined to deliver the i54 western extension, which we see as critical to the long-term recovery of our local economy after the crisis.
"Our joint investment at i54 has secured hundreds of millions of pounds of further investment and has brought thousands of jobs to the area, with half of employees living within a ten-mile radius. We are now building on the success of what is already one of the UK’s premier advanced manufacturing business parks."
Staffordshire County Council’s economic growth leader, Mark Winnington, added: "It is vital that we are maintaining construction work where possible, so we can maintain long-term economic stability. The safety of public and our teams remains the top priority.
"We’re pleased then that the i54 South Staffordshire western extension works have continued with the access road completed ahead of schedule and the team now starting the next phase. This is a critical project for our partnership, particularly as we move towards kick-starting the economy again after the current crisis.
"We know there is demand for businesses to locate here and that is why we made the decision to expand the site. We anticipate the western extension will generate hundreds of jobs, lever in multi-million pounds’ worth of private investment and greatly boost business rates, with around half reinvested to help fund public services."
And South Staffordshire Council leader, Councillor Brian Edwards said: "Completion of the access road at i54 South Staffordshire ahead of schedule is a great accomplishment and my thanks go to all the people working onsite and behind the scenes. Work is now underway to create the new extension that will mean so much in terms of investment and jobs for the area. At this worrying and uncertain time, it’s more important than ever to invest in the future and look forward to welcoming new businesses to i54 South Staffordshire."
The western extension scheme brings a plan to boost employment skills, training and recruitment to local people with a £150,000 contribution – helping them to access the newly generated jobs.
More than £1 billion has so far been invested in the original i54 site, with 2,700 people employed by multi-national companies. More than 3,500 students have also benefitted from a targeted skills and education programme.
