Project Promoters: Stoford Developments
Scale: £100m+ GDV
Sector: Commercial - Industrial & Logistics
Location: Redditch Gateway Redditch, Worcestereshire Investment Type: Redditch, Worcestershire Development finance and forward equity funding Opportunity Programme: Development finance and forward funding based on identified occupiers is sought from investors, to 2018-2023 (8 phases) deliver one of Worcestershire’s priority and much Planning Status: sought after development sites. Outline application approved Redditch Gateway offers opportunities on a multi January 2018 phased mixed commercial development. stoford.com/sites/ redditchgateway Overview Redditch Gateway extends to circa 78 acres and is strategically located on the eastern fringes of Redditch 2.5 miles from the town Background centre. The development site is accessed via Redditch is located adjacent to the M40 the A4023 with good links to the A435 and the / M42 corridor, which represents an Midlands motorway network at J3 of the M42 important sub-regional focus for economic 2.5 miles north. The site is therefore in easy growth. The M42 is seen as an economic reach of Birmingham International Airport and gateway and has been identified as a links to London via the M40 motorway. priority by the Greater Birmingham and Strong growth in the area alongside supply Solihull LEP, and its potential significance constraints mean this is an excellent for North Worcestershire is recognised at opportunity to invest in a major commercial a strategic level. development at the heart of the country that The corridor offers immediate access to both seeks to strengthen the UK’s industrial and existing and planned infrastructure including distribution sector. Birmingham International Airport, the The project has also secured funding from National Exhibition Centre and potentially Worcestershire Local Enterprise Partnership High Speed 2 and accommodates a number and Homes England. of key businesses with strengths in advanced manufacturing and business services. Project Promoter and Partnerships The Redditch Gateway development is an Worcestershire County Council, Redditch exciting opportunity to build on the town’s Borough and Bromsgrove District wealth of engineering and manufacturing Councils are working in partnership to expertise. The new development aims to bring the site forward which includes promote and enhance supply chain links the developer Stoford, Warwickshire and to further develop the skills of the local County Council, Strafford on Avon labour market. Borough Council and key economic partners including Worcestershire LEP, Located in North Worcestershire its Greater Birmingham and Solihull LEP employment catchment area covers part of and Coventry and Warwickshire LEP. South Birmingham, Solihull and the Black Country with more than 6 million people within commutable distance of the development.
Project Description The Redditch Gateway development is set to deliver up to 2,300 jobs to the area as well as an increase in economic growth, Redditch through the development of high-quality headquarters-style manufacturing and distribution facilities.