The factory is believed to be the biggest of its kind in the UK and will produce timber frame units for up to 7,000 homes a year once in full operation towards the end of 2025.

Gareth Wicks, Managing Director Designate at Space4, said: “We’re delighted to have received approval for our new Space4 facility and I want to thank Charnwood Borough Council for their support.

“Not only will the development deliver up to 120 new jobs, it will also further our goal to place sustainable practices at the very heart of our developments.

“We’re committed to creating vibrant, successful communities with the environment in mind. We’ll continue to work in partnership with the Council and other stakeholders to ensure our new Space4 factory delivers real benefits for local industry and the wider Loughborough community.”

The new Space4 facility will be placed on the Garendon Park Sustainable Urban Extension (SUE), a community of over 3,000 homes on the Garendon Park estate where Persimmon’s North Midlands team is master developer.

Dan Endersby, Managing Director of Persimmon Homes North Midlands, said: “Approval for the new Space4 facility at our Garendon Park development comes at a particularly exciting time as we welcome our first residents and continue to build our presence in Loughborough.

“Garendon Park will be one of Persimmon’s flagship communities, with over 3,000 homes, employment and leisure facilities, and a range of preserved historic monuments around the site.”