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[12 JUL 99] BUSINESS NEWS
Coventry Colliery Development Gets Go-Ahead

Redevelopment work in the north of Coventry is set to go into overdrive after the Secretary of State decided not to intervene in plans for the Coventry Colliery site.

It is the second time that the Foleshill area of Coventry has received the green light for ambitious plans in a matter of months after Coventry City Football Club’s Arena 2000 proposal was given the go-ahead.

John McGuigan, Coventry City CouncilAlthough Coventry’s Director of City Development John McGuigan believes the two schemes will bring new opportunities to that area of the city, he admits that the Arena 2000 proposals were more straightforward.

He said:

"The Coventry Colliery plans are similar in some regards to Arena 2000 as far as regeneration of an area is concerned, but the main points are different.

"Whereas with the arena, the biggest issue was the creation of retail facilities, with this one it was the fact that some green belt land had to be included in the proposal to make it economically viable."

The plans will now be passed by a combination of three councils - Coventry, Nuneaton & Bedworth and Warwickshire - as the 300 acre site spills into all three areas.

The development plans 150 acres for business space – which will be serviced by a freight railway-line – 400 new homes and a countryside park created on some of the greenbelt land.

At an estimated cost of 42 million the scheme is expected to create around 2500 new jobs in the area and David Keir from developers Prologis Kingspark believes it is exciting times for Coventry.

He said:

"This will be an unusual development in the fact that we will be building houses on the same site as the employment buildings and we very much hope that they will be purchased by people working on site.

"This will cut down on any transportation costs and also help enormously with the Government's drive to cut down on people commuting to work by car.

"We will also be running shuttle services from the new bus and railway terminals that are to be created at the Arena 2000 site, and with the opportunity for businesses to link into the freight railway line it will all be very user-friendly."

Prologis had first put forward proposals that included the development of 70 acres of Green Belt land but after extensive discussions with the councils involved this has now been reduced to 50 acres.
 

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CWN / Business / 12 Jul 99

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