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 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.
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
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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