UP to 340 jobs could be created by a new business park near the A3.
Plans are afoot to build a business park on land off Winchester Road, near the Premier Inn in Petersfield.
Gentian Developments wants to build a mix of two-storey offices, light industrial units and trade counter outlets, all housed in five buildings.
Engineers are proposing a traffic light junction in Winchester Road.
Outline plans are due to be submitted to East Hampshire District Council next month.