Work is underway on the first phase of Stepnell Park, an £8 million development set to bring new commercial and industrial units and up to 100 jobs to Rugby.
The business park is being developed and built by leading regional construction contractor Stepnell on ten acres of land owned by the company on Lawford Road, a mile to the west of the town centre.
The redevelopment will also enable the 151-year-old family-owned firm, which has been headquartered at the Lawford Road location since 1965, to create brand-new head office premises.
Stepnell currently has over 100 people operating out of Rugby.
Ten new industrial, warehouse or trade-counter buildings, ranging in size from around 5,000 to 26,500 sq ft are taking shape in the first phase of work which will deliver around 85,000 sq ft of space in total.
Stepnell property director Edward Wakeford said: “Our team is making excellent progress on site at Stepnell Park with the steel frame for two of the buildings now in place and construction in progress on the remaining buildings.
“With commercial and industrial space suitable for small- to medium-sized enterprises in short supply locally, we’re receiving significant interest in these modern, high-specification units at this prominent location. Our construction programme is on track for the first units to be completed ready for occupation from early autumn 2019."
Stepnell is set to submit a reserved matters planning application for phases 2 and 3 of the development later this year. This will include industrial and commercial space as well as office, plant and joinery facilities.