Bromwich Hardy calls on Warwickshire’s new MPs to back new employment land drive

Warwickshire’s leading commercial property agency Bromwich Hardy has endorsed a call to newly elected county MPs after 4 July to support a drive to create jobs through freeing up more land for employment.

Coventry and Warwickshire Chamber of Commerce’s Property & Land Group produced a report in 2023 that highlighted a chronic need for more land to be allocated for employment use across the county.

David Penn, partner at Bromwich Hardy and past president of the Chamber, said: “Regardless of who emerges as the government after the General Election, Warwickshire will still desperately needs more employment land.”

Mr Penn, who is Chair of the Chamber’s Employment Land Group, said a lack of supply of employment land risked driving land prices up and distorting the market.

“When supply is restricted, as it currently is, it drives land prices to a point where some types of development simply don’t make sense financially and we end up with big shed after bid shed because there is such high demand.

“Of course we need big sheds to supply the burgeoning logistics and transport industry, but we also need other types of commercial property too at a price that is affordable for tenants.

“If we want the economy to grow, if we want to attract inward investment and if we want our local businesses to be able to expand, we have to provide the land and the property to do that.

“Ultimately, this campaign is important for all of us, not just businesses, as newly designated employment land will help create the jobs for today and tomorrow and help grow the Warwickshire economy.”

He is calling on all parties and candidates, both locally and regionally, to recognise the importance of allocating enough land in Coventry and Warwickshire for businesses of all sizes and sectors.

“This isn’t something that will be responsibility of local MPs alone. It has to be national government and local authorities working in tandem to deliver what is needed, but we need our local MPs behind this and helping the Chamber to drive it forward.

The Chamber’s land report can be viewed here.

Ends

For further information, please contact: 

David Penn, Partner, Bromwich Hardy, 1 The Cobalt Centre, Siskin Parkway East, Middlemarch Business Park, Coventry, CV3 4PE

02476 308900

Issued by Andy Skinner, ASAP PR – 07990 978257

Editors’ Notes

Bromwich Hardy is Warwickshire’s leading commercial property agency and advises a wide variety of companies and public bodies on all aspects of property, acting for international and listed companies in the UK as well as small and medium enterprises with property holdings.

Based in Coventry, Bromwich Hardy was named top commercial property agency in Warwickshire in 2023 in the EG Radius ratings and was rated in the top five in the West Midlands for office disposals and acquisitions.

Already this year, Bromwich Hardy has lifted the 2024 CoStar title for the most office disposals in Coventry, and the most active single branch agency for sales and acquisitions in the city.