Plans for a major new business park, delivering over 1.6 million sq ft of floorspace and forming part of the Infinity Park Derby site, have been approved by Derby City Council.
Outline planning permission for the development was sought by Infinity Park Derby LLP.
The scheme’s uses are to include storage and distribution, general industrial and light industrial, research and development, office, hotel, pub, and drive thru cafe use.
The construction costs for the development are estimated to be approximately £150 million over a seven-year build programme. An estimated 318 temporary direct and indirect jobs could be supported per annum.
Once fully developed and occupied, the development is expected to support 2,731 gross full-time equivalent jobs on site and it is estimated that the wages paid to the on-site workers would be around £80 million per annum. The GVA to economic output is estimated to be around £138 million per annum.
Outline planning permission for a business park of this nature was already agreed in principle on the site, but this has now expired.
