Plans have been approved for a 52-acre business park in Catterick that will bring millions of pounds of investment and more than a thousand jobs to the region.

Eshton Group submitted plans for the £100m development in association with Castlevale Ltd, aiming to turn the location at Junction 52 of the A1M into an industrial hub, attracting businesses from across the UK to drive local investment and employment.

Representing a major economic opportunity for Catterick and Richmondshire, the business park – which is to be branded Catterick 52 – will be aimed at industrial occupiers to help overcome the national warehouse shortage. Eshton will be attracting tenants from across the UK, driving business and capital into the region to provide a significant economic boost. Once filled, it is estimated the development will facilitate the creation of c.1,250 jobs in the area.

Leeds-based Eshton Group is the developer behind Burnley Bridge Business Park, the key development site responsible for bringing in excess of £60m investment to its local area and creating more than 900 jobs so far. The planning application for the Catterick development closely mirrors the scale and scope of Burnley Bridge Business Park.

James Chapman, managing director at Eshton, said: “This is a big step forward for the future of Catterick. The development is a landmark opportunity to attract major investment and employers to the area at a time when other areas of the UK are lacking in their provision of quality commercial space.

“Over the next few months, we’ll be kickstarting the project to ensure that as soon as possible, Catterick is able to reap the benefits of having a site of this scale in the area. Others like it in the North of England have unlocked huge capital and demonstrate how businesses can thrive when provided with the right environment.”

Councillor Angie Dale, leader of Richmondshire District Council, said: “This exciting new development on a key site for Richmondshire will bring much-needed jobs and a massive economic boost to the district as a whole. We look forward to working with the developers to see this scheme come to fruition.”

Catterick 52 will be jointly marketed by Simon Hill at the Leeds offices of Colliers and Simon Dove at Dove Haigh Phillips, also in Leeds.