06 June 2024
Corporate News

Corby land sale to fund further steel investments

Corby's new facility will be funded by £12m from a land sale

£12 million is to be invested in Tata Steel’s tube-making works in Corby as a result of the sale of land within the west side of the works, which has become redundant.

The sale has been facilitated by Warmflame Developments (WD) who have worked with Tata Steel UK for the last seven years to progress the sale of the hugely complex 99-acre site to a leading real estate developer – that’s the equivalent of about 62 football pitches. The end use of the plot will be a fully-serviced campus-style logistics hub.

Paul Hodge, Managing Director at WD, 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 £30 million 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.”

This new building will be clad with over 18,000m2 of Tata Steel’s own Trisomet® insulated wall and roof panels, which will enable faster installation and gives optimum performance for water drainage and strength.

The sale of the land will fund the regeneration and development of a world-class complex of offices, stores and engineering workshops, and upgrade one of our tubes finishing lines.”

Gary continued: “It is a hugely exciting time to be involved in steel at Corby - we aim to be the country’s first net-zero steel factory. Partnerships with companies such as with Warmflame Developments, and good relationships with the local council, really do contribute to the sustainability and growth of a key industry in the town, which will support exciting employment opportunities for generations to come.”

David Burns, Construction Director at WD, said: “I’m very proud of our team as the complexities of this project were significant, having to manage a phased enabling of the site whilst transitioning some of Tata Steel’s existing operations from the West Works to its retained land in the east.”

Stuart Mair, Development Director at WD commented: “We are delighted to have concluded this deal with Tata Steel. The regeneration of the brownfield site will help boost the local and regional economies, enhance future employee skills and generate high-quality jobs. This investment in Corby is yet another great vote of confidence in both the Corby and Northamptonshire logistics markets.”

Artist's impression of what a new logistics hub could look like on the old steel site

 

About Tata Steel UK

  • The Tata Steel Group has been named one of the most ethical companies in the world, and is among the top producing global steel companies with an annual crude steel capacity of 34 million tonnes. 
  • Tata Steel in the UK has the ambition to produce net-zero steel by 2045 at the latest, and to have reduced 30% of its CO2 emissions by 2030. 
  • Tata Steel is the largest steelmaker in the UK with primary steelmaking at Port Talbot in South Wales supporting manufacturing and distribution operations at sites across Wales, England and Northern Ireland as well as Norway, Sweden, France and Germany. It also benefits from a network of international sales offices around the world.
  • Tata Steel employs more than 8,000 people and has an annual crude steel capacity of 5 million tonnes, supplying high-quality steel products to demanding markets, including construction and infrastructure, automotive, packaging and engineering. 
  • Tata Steel Group is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world. 

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