Located on a 15-acre site off Brook Street in Bilston, the business park will cater to small and medium-sized enterprises (SMEs) with modern facilities, addressing a regional shortage of suitable business spaces. The development will also include larger units designed to attract national businesses.
The project is being spearheaded by Oldbury-based developer Goold Estates, following a £12.5 million investment from the West Midlands Combined Authority (WMCA) to kick-start construction.
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The City of Wolverhampton Council selected Goold Estates as the developer for the site, which is designated for employment use under the broader Bilston Urban Village regeneration initiative.
The investment is the latest to be made by the WMCA as part of its programme to transform urban, brownfield sites for new homes, jobs and commercial spaces, helping to drive economic growth across the region.
The WMCA funding is being used in part to cover the cost of cleaning up the site and making it ready for the construction of 15 industrial and distribution units offering 166,500 square feet of accommodation to suit a variety of uses.
The residential phase of Bilston Urban Village features 78 homes off Dudley Street and 420 homes off Coseley Road, all occupied by families living right on the doorstep of the town centre.
