Plans have been submitted for a new £343 million industrial estate.

Solihull-based developer IM Properties is behind the project, called 'Thrive', which will be built near junction nine of the M42.

The company said the estate would have around three million sq ft of space and could create up to 6,000 full-time jobs in sectors such as tech, logistics and aerospace.

A third of that planned accommodation is being promoted for advanced manufacturing uses, subject to securing planning consent from both North Warwickshire and Birmingham councils.

Sign up for your free West Midlands newsletter and follow us on LinkedIn

Email newsletters

BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire.

Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates.

We will also send out 'Breaking News' emails for any stories which must be seen right away.

LinkedIn

For all the latest stories, views and polls, follow our

The application site covers 333 acres and will also have a so-called 'green corridor' and mobility hub with transport options such as buses, bicycles, e-scooters and electric vehicle charging stations.

Lewis Payne, development director at IM Properties, said: "Against a challenging global economic and geopolitical backdrop, the West Midlands needs a new employment site to support domestic, high-quality advanced manufacturing, R&D and logistics.

"This is vital to securing a resilient, diverse local economy and, at a time when opportunities for many people in Britain are limited, it's also about ensuring we can create skilled jobs and deliver wider social value.

"Thrive is central to supporting the region's industrial strategy and it can create significant new job opportunities across North Warwickshire, north east Birmingham and north Solihull."