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Eurolink, one of Kent’s largest business parks, is to expand after developers pledged to spend £1 million on infrastructure including roads and utilities.
Trenport Investments pledged the cash to enable the expansion of the site, which is already home to 280 companies, employing 6,000 people.
The first four phases of the park have already created two million square feet of business space across 200 acres on the edge of Sittingbourne.
Eurolink East 5 will add 28 acres of development land, able to accommodate research and development, light industrial, manufacturing, warehousing and distribution companies.
The site already has outline consent for up to 462,884sq ft of new buildings.
Swale Borough Council leader Cllr Andrew Bowles said: “I am delighted Trenport Investments has demonstrated its continued confidence in Swale and in Eurolink by announcing this investment.
“Eurolink has been a major factor in helping Swale to retain and increase the number of jobs locally. This news is a significant step forward in enhancing our ability to sustain this.”
Trenport Investments estate director Richard Hall said: “We look forward to continuing our long standing relationship with Swale Borough Council in servicing the needs of both existing companies and businesses new to the area.
“The success of such proven public-private sector liaison and the resultant financial investment and job creation being evidenced by the 280 companies now resident on Eurolink, with some 6,000 employees.”