Investment Opportunities at Lancashire Central
Lancashire Central at Cuerden is one of the largest mixed use and best connected development sites in the North West. From its strategic location south of Preston at the start of the M65, the M6 and M61 can be reached within five minutes. It is easily accessible to major cities including Manchester, Liverpool and Leeds and also a perfect location for national distribution.
We have recently unveiled indicative plans for this key site which will lead to more than £250m of public and private sector investment, around £200m in annual Gross Value Added (GVA), and bring more than 3,000 jobs to the area.
The plans will create 600,000 sq ft for logistics or other non-retail use, 260,000 sq ft of mixed commercial use such as food retail, a hotel and car sales, 130,000 sq ft for business and industrial hybrid units, and up to 210 homes.
Around 840,000 sq ft has been designated for general employment, such as logistics, warehousing and light industrial units.
The plans also include improvements to five key road junctions, adding capacity to the road network around this site.
Looking to the future
The new proposals for Lancashire Central could see the site developed within six to eight years due to a very strong market interest. Lots more work and planning is needed, and so these plans and timescales are only indicative, but there is an ambition for site access to be in place and the first units to be developed by 2021.
The indicative timescales for ongoing development of this site include:
- 2019: Funding and Legal Agreements in place
- 2019: Design work for on and off-site highways and infrastructure improvements
- 2020: Start of work on the M65 terminus and slipway improvements
- 2021: Completion of improvements on the M65 terminus and new slip road
- 2021: First occupiers on site
These timings are subject to planning permission, commercial and other factors as planning progresses
For more information, please contact Chris Dyson, Programme Manager at Lancashire County Council.
T: 01772 536641