HUNDREDS of jobs could be created at the former Peugeot car plant in Ryton.
Plans for a distribution centre could mean around new 300 jobs for the area.
Rugby Borough Council is being asked to give outline planning permission for part of the 40 hectare (100 acre) site on the A45.
If it is given planning permission, Ryton Properties Ltd, which owns the site, wants to sell it on to a client who could develop it.
Chris Hall, from SJS Property Management in London, which is representing Ryton Properties Ltd, said that in the current market a distribution centre was the best use for the site.
He said: “The site would be excellent for a distribution centre.
“The prospect of new jobs being created is positive news for the area.”
He said he could not be sure of the exact number of vacancies the development would create.
Mr Hall added: “You could say that nothing should go on that site but manufacturing, but you’d be looking at a very large empty site for a very long time I’m afraid.”
Some 2,300 workers lost their jobs when Peugeot’s Ryton works shut in 2007.
Geoffrey Marsh, chairman of Ryton Parish Council, said he was pleased steps were being taken to develop the site.
He said: “It’s been lying there for five years as a brown field, which isn’t a very inspiring thing to have on your doorstep.
“As we understand it, this is only outline permission so it will be a long time before it’s up and running if planning permission is granted.”
He said people in the village have welcomed the prospect of new jobs.
“It would be good news all round if it got developed the right way,” said Mr Marsh.
“People are just pleased things are moving in the right direction.”