Plans have been submitted to build a new business park on the land which was once home to the Leyland test track.
Part of the land is earmarked for 950 new homes and community facilities, and now developers have submitted a proposal to South Ribble Council to establish Titan Business Park.
The new development would feature office facilities, light industrial and warehouse buildings, a new petrol filling station, drive-through restaurant and car and cycle parking.
PWA Planning submitted the planning application on behalf of Preston-based residential and commercial property developer Providence Gate Group Holdings. The scheme has been designed by Manchester-based Four Architects.
If approved, it is hoped the site will be fully operational by the end of 2022.
Charlie Openshaw, a director of Providence Gate Group Holdings, said: "With the quality and flexibility on offer, we expect Titan Business Park to become a very popular business destination within South Ribble,
"The frontage of the site will feature significant landscaping, to create an attractive, modern, and welcoming development. We have received a very encouraging level of initial enquiries from local and regional companies looking to expand and relocate in this location. Terms are currently being agreed on some of the units at this early stage and we are expecting to secure a number of pre-sales, highlighting the strength of the market in this location."
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