The buyers of the former Vauxhall van plant in Luton have revealed plans to turn the site into a high-quality commercial and industrial park.

The Vauxhall Luton site closed at the end of March after 120 years of production

Global property group Goodman has acquired the site, which ended vehicle production at the end of March after 120 years in action.

Parent company Stellantis had announced the plant’s closure in November along with its plans to consolidate production at its Ellesmere Port in the North West, risking the loss of 1,100 jobs.

Goodman has said it will work with Luton Council and the community to bring forward development proposals for a mix of employment uses.

It is estimated the regeneration could create more than 1,700 direct jobs once complete, and will represent an investment by Goodman in excess of £400m.

The rejuvenated site, which is strategically located adjacent to London Luton Airport, and two miles from the M1, is expected to attract businesses from a range of sectors including logistics, manufacturing, engineering and digital infrastructure.

Jason Harris, commercial director at Goodman, said: “Our vision is to deliver a transformational regeneration scheme. This will attract new businesses to Luton and create a mix of jobs from a range of sectors.

“We recognise the social and economic significance of the site to Luton and will work closely with Luton Council and the local community as we bring forward our plans to deliver a major contribution to the long-term economic growth of the town.”

Subject to planning, work is expected to start in 2027, with the first new businesses occupying the site in 2028.