Money secured in the latest round of the government’s annual Local Growth Deal will help to create a centre of excellence for automotive research, development and production.
It aims to build on Millbrook’s current expertise and develop more partnerships with leading engineering, research and development companies based at the park.
Industry experts, business and community leaders attended a launch event at Millbrook at which they heard more about the plans for the Technology Park.
It will comprise a total 267,700 sq ft of office and workshop space in four separate locations around Millbrook’s existing Proving Ground.
Millbrook chief executive Alex Burns said: “Millbrook is a key part of the vibrant automotive industry and there has never been a better time to invest in the vehicle technology sector.
"The new facilities will create a large number of highly skilled jobs and give a huge boost to the Central Bedfordshire economy.”
Mid Bedfordshire MP Nadine Dorries said the technology park will attract some of the world’s most innovative companies in the technology and automotive sectors. Adding Milbrook’s specialisms to those of nearby Cranfield will also enhance Central Bedfordshire as a business location.
She said: “I could not support this more. This is going to be a centre of excellence and I hope it grows. I will do all I can with government to help to secure investment.”
Millbrook is “a remarkable asset” to the wider South East Midlands region, its Local Enterprise Partnership chief executive Daniel Mouawad said.
“If there is one thing that distinguishes this area it is growth but we want it to be sustainable growth. That is why Millbrook Technology Park and the type of businesses it will bring in will create a dynamic cluster which promotes the the strengths we have in this area.
“We have all the ingredients for this venue and this region to be a major contributor to the UK plc economy.”
The Technology Park will be key in Central Bedfordshire Council’s plans for the area’s future economic growth, said council leader Cllr James Jamieson.
“The council has worked very closely with Millbrook to facilitate the development of the site,” he added. “We will continue to work closely with Millbrook, promoting these world-class facilities to attract new business to the area and ensuring that Central Bedfordshire continues to be a great place to live and work.”
Pictured (l-r): Daniel Mouawad, Nadine Dorries MP, Alex Burns and Cllr James Jamieson.