MIRA Technology Park (“MTP”) is at the forefront of the automotive industry’s transition to a sustainable future as a globally recognised cluster location within the sector with an unrivalled reputation for engineering, R&D, world class facilities and testing infrastructure. Located in the heart of the UK’s Midlands automotive sector, the park currently extends to over 850 acres and provides employment to over 1,000 skilled engineers.
Evans Randall Investors will now oversee the next phase of development at MTP, which will see it expand across two neighbouring sites located either side of the A5. The project will deliver up to 4m sq ft of new space with a total GDV of up to £500m, encompassing R&D, office and industrial facilities.
The ambitious expansion plans for MTP are fuelled by a revolution in mobility technologies spanning electric vehicle (EV) development, cleantech fuels such as hydrogen, emerging autonomous and connected car technologies and the associated growth of AI and robotics. HORIBA MIRA’s engineers provide these advanced capabilities to next-generation automotive companies to enable their progression, attracting disruptors such as REE and Viritech as much as established OEMs including Aston Martin, Bentley, Bosch, Jaguar Land Rover, Toyota, and The London EV Company.
Evans Randall Investors will lead the park’s expansion, solidifying its status as Europe’s leading automotive R&D cluster as well as broadening MTP’s position to attract businesses across the technology, advanced manufacturing and engineering sectors. The team will work alongside local development manager, Swanvale Developments, to deliver the scheme.