Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Development planned to transform Southampton’s old Ford site

Southampton

The units will be used for logistical, manufacturing and office spaces

A hundred jobs are set to be created as part of plans to transform Southampton’s former Ford factory.

Warehouse developers Tungsten Properties has applied to build four industrial units in Swaythling.

The developer confirmed that if approved, the new buildings will bring around 100 jobs to the area.

Development director Justin McVeigh said, if approved, the units will be rented out to other companies. We are building these units to help with the scarcity of stock over the region.

According to documents, the units will be used for logistical, manufacturing and office spaces. They will be sized between 13,100sq ft and 27,950sq ft.

The plans are currently with Southampton City Council.

A decision on the future of the 6.6 acre site will be decided in September.

No further details have been released on which firms have applied, if any, to take over the new industrial units.

Local leaders hailed the news, adding the need to bring in more jobs to the area.

Councillor for Swaythling Lorna Fielker said: I welcome further development of the Old Ford Factory site and the opportunity this brings to secure jobs for local people.

Deputy leader and cabinet member for growth, Cllr Jeremy Moulton, said: I welcome both the investment into the city and the extra jobs.

The site lay mainly unused since Ford pulled its workers out back in 2013.

It first opened in 1953. At that time, more than 2.2m Ford Transit vans were built by the company at its plant.

All 531 employees working at the factory chose to either get redeployed within Ford, or take voluntary redundancy or early retirement. A total of 134 of those went to work at Ford’s new redistribution centre at Southampton Docks.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.