The site will be renamed Port One Technology Park and create 500 construction site jobs during the phase two plans.

The current £250m phase one is due for completion by the end of 2026 by developer, Curzon De Vere and its contracting division.

The site is set to become a world leader in vertical farming and controlled environment soft fruit production while the park’s substantial power availability offers a unique opportunity to host vital AI data centres.

Curzon De Vere has been advancing the project since 2021 and aims to complete the entire scheme by 2032.

Matthew Slater, Managing Director of Curzon De Vere, said: “We have been working on this planning application for five years and it is one of the most detailed we have ever produced. It addresses ecology, transport and every technical aspect required, and we are confident that Port One Technology Park will become a truly unique development.

“Our ambition is to create a landmark project that others will look to, placing Suffolk firmly on the map for technology leadership, innovation and employment. This scheme has the potential to be transformative for the region, with 4,000 people eventually working on site and an estimated £3 billion GDP contribution.

“For a rural district, this level of economic uplift is game changing and will put more money into local people’s pockets. We hope the application will be well received and we look forward to delivering a development that Suffolk can be proud of.”

Wallace Binder, Chair of Little Blakenham Parish Council, added: “We have worked closely with the developers of Port One and are thrilled about the bright future for our residents who will surely benefit from the number of improvements which will be carried out over and above the standard developer requirements.”