The proposed development would serve as the company’s UK headquarters, with the facility set to include a training academy while also functioning as a test bed for innovation in the transport industry.
If the plans are approved, construction work would begin towards the end of 2021 with the first phase of the development expected to be completed by early 2023. Further phases would continue to be delivered while the first section is operational, with overall completion by early 2026.
Kenneth Russell, director at Russell Group, said: “Ravenscraig is set to be one of the best-connected locations in Scotland and is uniquely positioned to be home to our planned headquarters and logistics hub. We are hugely excited by the potential of this development, which will drive real and tangible benefits to the local population, not least through the creation of hundreds of new and high-quality jobs.
“At a time when there is so much economic uncertainty, we are proud to be investing in North Lanarkshire. While we are at the start of the planning process, we are committed to consulting with the public on our plans and will set them out in more detail over the coming weeks and months.”
Nick Davies, Director of Ravenscraig Ltd, said: “This is the most significant development opportunity proposed to date at Ravenscraig and is one that has the potential to transform the site. It is our belief that an investment of this size will be crucial to unlocking further commercial opportunities at Ravenscraig, driving economic benefit across North Lanarkshire and beyond.”
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