THE new Elgin Business Park could see up to 4000 jobs created in the area in the next 10 years.
Interest in the site is growing with planning applications submitted for a 61-bedroom Travelodge hotel, a petrol station and a drive-through coffee shop.
The Barmuckity site, which is expected to take around seven years to complete, will have a variety of uses including industrial, offices, warehousing, hospitality and retail.
Chairman of Moray Economic Partnership, Councillor John Cowe, said the job boost predicted by Springfield Properties executive director Sandy Adam, could be "very substantial" for the area.
He said: "It is very welcome news for Moray and shows a growing interest in the area which is great news.
"I have been reading about it myself and the fact they have taken notice of what is going on in Moray and that Moray is growing and they see that as an interesting and profitable venture is very pleasing.
"In Mr Adam’s own words, the park could create around 4000 jobs in the next 10 years and that is very substantial."
Read more about the plans for Elgin Business Park in this week's Northern Scot print edition.