A new high tech business park next to Jaguar's Whitley Engineering Centre moved a step closer with the appointment of a developer.
Birmingham-based St Modwen Properties is believed to have won the contract for the 70-acre Coventry site which could create 3,000 jobs.
Jaguar has been considering candidates for the site - which has planning permission for science and high technology use - for 18 months. A formal announcement is expected in a few weeks, although neither Jaguar nor St Modwen would confirm the outcome.
The Post understands St Modwen won, which could see building this year.
The site, two thirds owned by Jaguar and one third by Coventry council, would be a mixed use development involving distribution or logistics companies, high tech manufacturing and offices.
An industry insider said: "This is not about replacing Whitley, but making use of land owned by Jaguar and the council. It could lead to 3,000 job opportunities."
St Modwen is thought to have beaten Stoford and Kilmartin.
Anthony Glossop, St Modwen chairman, said: "We are one of the parties who have shown our interest in developing the site, and are awaiting the outcome."
The empty land around Whitley will be retained by Jaguar. A company spokesman said the development posed no threat to Whitley, which employs 2,000 people and is currently the design centre for the carmaker.