MW will announce plans to construct its next-generation electrical Mini in Oxford after securing a Government funding bundle.
The German-headquartered producer’s multi-million pound funding to remodel its present plant will safe 4,000 high-quality jobs, in line with ministers.
Government sources declined to set out the extent of taxpayer assist being supplied to BMW, however didn't dispute the beforehand reported determine of £75 million.
Rishi Sunak stated the Government was securing jobs and rising the financial system “by backing our car manufacturing industry”.
“BMW’s investment is another shining example of how the UK is the best place to build cars of the future,” the Prime Minister added.
The announcement is the most recent increase for the British automotive trade, with figures final month suggesting manufacturing elevated by nearly a 3rd final month in comparison with a 12 months in the past.
The Society of Motor Manufacturers and Traders stated it confirmed carmakers continued their restoration from latest difficulties, together with international chip shortages.
Last week electrical car manufacturing additionally started on the Stellantis’s manufacturing facility in Ellesmere Port after an £100 million funding, following doubts on account of post-Brexit buying and selling preparations.
Vans such because the Vauxhall Combo Electric, Opel Combo Electric, Peugeot e-Partner, Citroen e-Berlingo and Fiat E-Doblo might be made on the Cheshire website.
Chancellor Jeremy Hunt stated BMW’s funding was a “huge vote of confidence in this country as a global leader in electric vehicles”.
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