Tata Steel says the sale of old steelworks land will fund a £12m in the local steel industry.Tata Steel said that a "fully-serviced campus-style logistics hub" would be created on the land at Weldon Road.
The Corby works manager said the deal would create "exciting employment opportunities for generations to come".The West Works site will become a "fully-serviced campus-style logistics hub" Warmflame Developments has been working on the sale of the "complex" redundant West Works site for the last seven years.
Managing director Paul Hodge said: "It is great to see so much hard work finally come to fruition, and it’s especially rewarding to contribute to the steelworks - which is synonymous with Corby - moving into the next phase of its lifecycle."Gary Blackman, Tata Steel’s works manager for Corby, added: "We are already well progressed with a £30m investment programme in Corby – one of the largest in the site’s history.
"The sale of the old West Works land will now fund the regeneration and development of one of our warehouses on the East Works into a world-class complex of offices, stores and engineering workshops, and upgrade one of our tubes finishing lines."British Steel secures major Turkish rail contract