Business News Jobs Wolverhampton

£28m Foundry Business Park 

(l-r) Dominic Goold, managing director of Goold Estates; Councillor Stephen Simkins, City of Wolverhampton Council Leader; Ian Calder, operations manager, Caddick Construction – image WMCA

The construction is under way on a £28 million urban logistics and industrial hub at Foundry Business Park in Wolverhampton.

Work at the derelict 15-acre brownfield site is the final phase of development at Bilston Urban Village which promises to create up to 330 new jobs.

Foundry Business Park will comprise 15 new units – expected to be available from spring 2026.

Property investment and development company Goold Estates has appointed Caddick Construction as main contractor on the scheme.

Goold Estates is the City of Wolverhampton Council’s chosen developer for the site and purchased the land from the council. 

More than 300 jobs

The development is being supported by a £12.5 million investment from the West Midlands Combined Authority (WMCA) as part of its programme to transform urban, brownfield sites for new homes, jobs and commercial spaces, helping to drive economic growth across the region.

Dominic Goold, Managing Director of Goold Estates, said: “This brownfield site has a complex industrial legacy, including coal mining and steel making, which meant it remained vacant for over 20 years. Progressing the site’s development required extensive consultation, so reaching the construction phase is a significant step forward.”

Councillor Stephen Simkins, Wolverhampton council leader, said: “The future is bright for Bilston as we deliver the platform for businesses to grow and thrive – in turn providing opportunities for local people.”

Richard Parker, Mayor of the West Midlands, said: “Foundry Park will create more than 300 jobs for local people and provide modern, high-quality workspaces that will help local businesses to grow and thrive.”

Foundry Business Park lies immediately adjacent to the A463 Black Country Route, with easy access to Junction 10 of the M6. The Midland Metro runs along the boundary of the site, with Bilston Station within walking distance.

Editor
Simon is a former Press Association news wire journalist. He has worked in comms roles for Thames Water, Heathrow, Network Rail and Birmingham Airport.

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