At a glance

Corringham, Essex
670 acres including the old Thames Oilport land
Investment Type
Capital investment, Foreign direct investment, Freeport
2+ years

Invest in the Thames Enterprise Park (TEP) and become part of a project that will bring economic life back to a former employment centre and create over 5,500 new jobs in the process. As a multi-tenanted business park, the park offers a variety of investment opportunities and has the potential to expand further. Additionally, this project provides a significant opportunity to engage with colleges, schools, and other educational institutions to train and develop the skills of the local workforce.

With an estimated GVA of £350M+ to the local economy, the Thames Enterprise Park (TEP) is a smart investment choice that has already achieved Outline Planning Permission from the Council and is ready to move to the next stage.

Investment benefits & potential for ROI

  • Situated next to the M25 and the Greater London market, Thames Enterprise Park has unrivalled intermodal access to road, river and rail networks and close to planned infrastructure
  • Acres of manufacturing, energy and logistics space, close to other development sites
  • Potential for energy ecosystem development, including power supply, vehicle charging points, hydrogen living labs, heat network
  • Opportunity for river freight innovation and ecosystem development
  • Market or sector innovation for solving complex problems, driving innovation through research and specialist expertise
  • As part of Thames Freeport, TEP can offer significant opportunity at both a Freeport level and a project level
  • Waterfront development and waterside infrastructure

ESG credentials

  • Estimated GVA of £350M+ to the local economy
  • It will support occupiers seeking to decarbonise and achieve net zero objectives
  • It will employ approx. 5,500 jobs bringing significant opportunity to engage colleges/FE/schools in training and skills
  • It will also bring economic life back to a former employment centre (when it operated as an oil refinery) bringing an estimated GVA to the local economy of £350M+
  • It can support occupying businesses with all aspects of their ESG agendas on an occupier by occupier specific basis – it will be a multi-tenanted business park
  • Site includes the remediation of an ex-oil refinery site
  • Utilisation of local talent and skills
  • Development of skills in local communities
  • Clean fuels and fuels of the future and net zero energy supply
  • Local and national government support