BMW to inject £500m to ensure Mini production stays in the UK
By: Elizabeth Smythe
09 June 2011
BMW is to invest £500 million into UK car production over the next few years.
The cash injection will be used to fund the manufacture of the iconic Mini at its plants in Oxford, Swindon and Birmingham, protecting 5,000 jobs, those in driver recruitment might be interested to learn.
Most of the money will be spent on building new production facilities and equipment which, BMW told Reuters, "underlines that the UK will remain the heart of Mini production."
The news, naturally, has been met with enthusiasm by the motor industry, which employs 300,000 people and is worth in the region of £27 billion to the UK economy.
BMW's announcement follows that of rivals, Nissan, who yesterday pledged £192 million to fund the production of the Qashqai in the UK, retaining 6,000 jobs.
The weak pound and the government's support has made the UK an attractive option for car manufacturers. BMW and Nissan are not the only companies boosting this sector, according to BBC News, Jaguar Land Rover and General Motors both have plans to develop in the UK.
Welcoming the investment, Prime Minister, David Cameron said: "The production and export of iconic British cars like the Mini is making a real contribution to the rebalancing of the economy that this government is determined to achieve."
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