Multi-million pound European investment comes to Corby
CWC Group are proud to announce that planning consent for a multi-million pound food manufacturing facility has been secured at Centrix Business Park in Corby.
The facility is being developed by CWC Group on behalf of one of Europe’s leading bakery operators. It will comprise a total of 92,881 sq ft and incorporate a state of the art food manufacturing facility and 20,000 sq ft of Grade A offices.
The new facility will serve as the UK headquarters for the food manufacturer and is a fundamental investment which will enable the company to continue their expansion strategy across the UK supplying many of the top supermarkets.
Initial conversations with the food manufacturer commenced in November 2018 and escalated very quickly. Throughout the pre-construction process timing has been critical, one of the main driving factors being Brexit on 29 March 2019 and the uncertainties which surround it. However, with the support of Corby Borough Council consent for the scheme was granted days before the original Brexit date and construction is now underway.
This investment is sure to be recognised as a pivotal deal for the UK and Europe during this time of economic uncertainty as it helps to restore confidence that the UK continues to be a key market in which European countries are keen to invest.
Whilst this development bears great significance nationally, it also offers substantial benefits to Corby and the immediate area. It will help create potential future employment opportunities which will encourage further investment in Corby and the high quality aesthetics and design will visually enhance the surrounding area which currently stands as a surplus brownfield site having previously formed part of the Tata Steel works.
James Richards from CWC Group commented:
“I am really pleased to have secured this European investment at Centrix Business Park during this time of political uncertainty. We have certainly been on a very tight programme to achieve planning consent before Brexit and I pay testament to my team of advisers who have really pulled together to perform under the pressure. I look forward to working with our client and delivering this project on site.”
CWC Group was legally represented by Heather Dixon and Chris Hawrylak of Geldards LLP in this transaction. The purchaser was advised by Mark Brown of TDB Real Estate and legally represented by Grahame Griffiths of Coley & Tilley Solicitors.