Sunday, September 18, 2011

Jaguar confirms £400m plant in the Midlands: Sunday Telegraph

Jaguar Land Rover is poised to deliver a major boost to the Government's plans to boost growth by confirming this week that it will build a £400m engine plant in the Midlands that will potentially create up to 2,000 jobs.

The Sunday Telegraph understands JLR could announce the engine plant as early as Monday alongside Vince Cable, the Business Secretary, and that it has secured financial support from the Government to bring the plant to the UK. The engine plant will be based at the i54 business park in Wolverhampton, which has been made an enterprise zone. The Coalition has also offered around £10m of support for the JLR plant, although it is not clear what form this will take.

The car industry has been identified as "crucial" by the Government if the UK is to increase the size of its manufacturing base and exports. JLR's decision to expand into a new factory will be warmly welcomed.

The plant is likely to take around two years to build and could eventually employ up to 2,000 workers, according to a source close to the negotiations.

JLR's fortunes have undergone a dramatic transformation under the ownership of Indian group, Tata Motors, which bought Jaguar and Land Rover from Ford in 2008.

Source: Telegraph 

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