Rishi Sunak is visiting Swindon today.
The Prime Minister visited the old Honda factory on Monday morning, where he spoke to reporters.
It comes ahead of the demolition of the site this afternoon ahead of its renovation into warehouses.
Panattoni has had £900m plans to transform the former South Marston Airfield into business and logistical facilities.
It is hoped that construction of the new facilities on the 370-acre site could begin by the end of 2024.
Mr Sunak spoke to bosses at the site on Monday morning, before putting the first spade in the ground.
The Japanese carmaker announced the closure of its Swindon factory in 2019, moving out in the summer of 2021.
Roughly 3,500 jobs were lost in the decision.
But Panattoni’s planning application says 7,000 jobs will be created at the site, as well as 5,000 additional "spin-off" jobs.
The firm has also been told to spend £7.5 million on improvements to the immediate area and the borough as a whole.
It comes days ahead of the budget, where his chancellor Jeremy Hunt is under pressure from Tory MPs to cut taxes.
Among the measures Mr Hunt is thought to be considering for Wednesday’s budget, the last before the next general election, is a further cut to national insurance.
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