BT has announced plans to further develop its Adastral Park R&D facility in Suffolk into a fully-fledged technology park which could create up to 1,000 new jobs.
The proposals include the creation of a Suffolk Innovation Park to attract other technology companies and provide facilities for industry to collaborate with universities. Around 2,000 new homes could also be built.
BT has occupied the 40-hectare site since 1969, but the plans would include developing an additional 100 hectares of land which formerly formed a quarry for aggregates.
According to BT, the multi-million pound development could be worth £1bn to the local economy. The site would also house a biomass-fuelled power plant, a new primary school and a health centre.
The development would involve the demolition of some of the buildings currently on the site, while others will be refurbished.
Around 4,000 people currently work at