Business West today (26 March) welcomed the announcement from Honda of the UK Manufacturing Ltd that a buyer had been found for the Honda Swindon site. The site's purchase by the Panattoni Group, and the use of the site for a large-scale logistics operation, will be welcome news for the town and create new jobs at a time of significant economic uncertainty.
Business West understands that the buyers intend to bring the site into operational use on a fast timescale, with jobs created during a repurposing period and then when the site becomes operational during 2022.
“This brings us to the next stage in the formal end of an era for Honda’s involvement in Swindon but opens up a new chapter for the town. The past two years since the first announcement of closure in February 2019 have been a period of considerable uncertainty for both workers and Swindon itself, so this is good news and puts an end to much speculation and concern that the site would lie empty.
“We are very glad that the site will be retained for employment use and it appears that the number of jobs created will be equal or greater than currently employed by Honda. It is also encouraging that the turnaround into its new use will be quick. It will be a boost for economic recovery in the region over the next two years.
“There will be some disappointment in the region that an advanced manufacturer was not secured to take over the site, but the market for logistics is extremely buoyant and wider uncertainty in many global manufacturing sectors may have tempered wider interest. Ultimately, a bird in the hand is better than two in the bush.
"This announcement clearly reflects a broader need for larger strategic employment sites to provide a range of investment opportunities beyond the logistics sector. Our region currently has a dearth of these available and needs to do more in ensuring sites are available within our local planning system to cope with both strong demands for logistics operators alongside more traditional manufacturing employers if we are to fully capitalise on global investment interest.
“Despite this good news, focus needs to remain to ensure new job opportunities are available for Honda employees, Honda associates and the impacted parts of Honda's supply chain. This announcement means this objective will become much easier. Business West will continue to work to ensure employment remains high in Swindon and surrounding areas."