West Midlands Police discovered the cannabis factory at a property in the town centre on Friday night.
One man has been arrested after being chased down by officers on foot.
Sharing the find on Twitter, St Matthews Police said: “Great result for team three officers tonight [Friday].
“A large scale cannabis factory has been discovered at a property in the town centre with what we approximate to be around 1,000 plants.
“One in custody after a decent foot chase.”
The West Midlands Police Dog Section was also involved in the discovery.
West Midlands Police has been approached for further information.