Swindon Borough Council says planning approval for changes at the former Honda base could spell a new future for the South Marston site.
Members of the Council’s Planning Committee have approved Panattoni’s proposals to invest £700m into the location.
According to the firm, this will create thousands of new jobs.
The commercial planning application was the largest ever submitted to the council.
A council spokesperson said: "Now planning permission has been granted, subject to the completion of a Section 106 Legal Agreement, Panattoni will be able to demolish Honda's former factory to make way for 670,000 square metres of employment space, which will be created over the next few years."
The plan involves erecting 10 buildings which might be used for purposes ranging from storage to industry.
Prior to the planning meeting council leader David Renard came out firmly in favour of the bid saying: "This is the culmination of many hours of meetings between Panattoni, our planners and ourselves and thank all those involved for their determination and perseverance."
Cllr Gary Sumner, Cabinet Member for Sttrategic Planning said: "This is a huge, complex and significant application which has taken time to bring forward with 105 conditions attached to the recommendation for approval.
"As part of the development, we are determined to ensure that climate change and quality of life issues such as flood risk, protecting and enhancing the natural environment and noise mitigation are integral to it.”
According to the firm, this will create thousands of new jobs.
The commercial planning application was the largest ever submitted to the council.
A council spokesperson said: "Now planning permission has been granted, subject to the completion of a Section 106 Legal Agreement, Panattoni will be able to demolish Honda's former factory to make way for 670,000 square metres of employment space, which will be created over the next few years."
The plan involves erecting 10 buildings which might be used for purposes ranging from storage to industry.
Prior to the planning meeting council leader David Renard came out firmly in favour of the bid saying: "This is the culmination of many hours of meetings between Panattoni, our planners and ourselves and thank all those involved for their determination and perseverance."
Cllr Gary Sumner, Cabinet Member for Sttrategic Planning said: "This is a huge, complex and significant application which has taken time to bring forward with 105 conditions attached to the recommendation for approval.
"As part of the development, we are determined to ensure that climate change and quality of life issues such as flood risk, protecting and enhancing the natural environment and noise mitigation are integral to it.”
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