Rockingham Group to invest £12m at former speedway site

A mulit-million pound expansion at the former Rockingham Speedway site in Corby is under way.

Rockingham Group is investing more than £12 million in phase two of its world-class de-fleet facility at its Automotive Logistics Hub in Mitchell Road.

Work has already begun on a new, purpose-built facility, which will provide 50,000 square ft of vehicle processing space and a capacity to process more than 50,000 vehicles each year.

Due for completion in March 2021, the facility will be exclusively used by Groupe CAT.

Rockingham, which once hosted a concert by US rapper 50 Cent, also has planning consent for 1.3m square feet of large-scale distribution warehousing, with easy access to the UK’s major road arteries.

The racing track announced its closure in 2018 and racing ended later that year.

Stuart Wright, principal of Rockingham Group commented: “Our ongoing investment in the 250 acre facility is part of our overall strategy to create the UK’s leading independent automotive logistics centre with vehicle storage capacity along with large scale pre-delivery inspection (PDI) and de-fleet vehicle processing facilities.

“Our customers are on course to handle PDI and de-fleet contracts in excess of 150,000 vehicles over the next 12-18 months. We have secured major automotive firms including GEFCO, Groupe CAT, IT Fleet and City Auction Group at Rockingham and have capacity to house more operators.

“We have the flexibility to build bespoke de-fleet and remarketing facilities, regardless of how large or technical the requirements. There is easy access for arrivals, hard surface roads, storage areas and space to create dedicated inspection, repair, and cleaning facilities.”

The firm has already overseen a multi-million-pound investment in the site and has completed refurbishment of its onsite facilities, including an executive lounge and cafe, gym, offices, meeting rooms, rest rooms and upgraded offices for the site management team.