A £700 million redevelopment of Honda’s former plant in Swindon is expected to create more than 9000 jobs and contribute £1.2 billion to the town’s economy.

Ten new factories and warehouses are set to be built at the South Marston.

Originally purchased by the Japanese car manufacturer in 1985, the site was sold to Panattoni last year, Europe’s largest developer of new build industrial and logistics facilities who are claiming their redevelopment will bring £1.2 billion benefit to Swindon’s economy.

James Watson, Development Director for Panattoni said:

“Panattoni is committing to invest over £700 million into the site to attract new employers and provide for existing businesses looking to expand in Swindon. We will be working very closely with Honda and Swindon Borough Council, along with the community and its representatives to regenerate the site.”

Matthew Byrom, Managing Director of Panattoni in the UK said:

“The acquisition of the 370-acre Honda facility demonstrates our capabilities to work at scale. The re- development of this strategic employment site will deliver thousands of new opportunities in roles which underpin the operation of the local and regional economy.”

A report submitted this week to Swindon Borough Council says the site’s complete reconstruction, expected to take ten years, will provide 7,074 jobs directly on the site, an increase of 5,305 over the Honda plant.

The report also says 5,106 of those jobs will be taken by people living in Swindon Borough, and with another 3,928 created as a knock-on effect of having the site fully occupied meaning there will be a net gain in Swindon of just over 9,000 jobs.

However, it also says there will be just over 1,700 people employed directly or indirectly on the construction of the buildings for ten years and by the end this period, £1.2 billion will have been added into the local economy by the redevelopment of the plant.

Swindon Borough Council’s cabinet member for strategic infrastructure and planning Gary Sumner said:

“On top of the £400m investment and 2,000 jobs at Symmetry Park we have worked closely with Panattoni, and the forthcoming redevelopment of the former Honda site will see a massive boost in jobs, many times those lost when the site closed.

“This will deliver an unprecedented £1.2bn boost to the Swindon economy. We continue to work with existing and new employers to ensure that Swindon has the investment and jobs growth which make us an economic powerhouse on the M4 corridor.”

North Swindon MP Justin Tomlinson added:

“This is testimony to both the strength of the Swindon economy and the pro-active approach of the Honda Taskforce and Swindon Borough Council to secure this vital new investment.

“Once the site is fully developed, we will see this direct and significant boost to Swindon, creating new jobs and opportunities, never more important than in these challenging times.”

Panattoni’s plans are yet to been approved by Swindon Borough Council’s planners.

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