Jaguar Land Rover has announced approval of its application to the UK Regional Growth Fund (RGF) has been confirmed.
Part of a GBP450m (US$732m) regional investment programme, it aims to create more than 6,000 jobs and almost 35,000 indirect jobs in the West Midlands area, according to the British Department for Business, Innovation and Skills.
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The RGF is a GBP1.4bn fund designed to encourage enterprise and create new jobs within the private and public sector.
“JLR directly employs more than 17,000 people in the UK and supports up to 130,000 jobs in total through the supply chain, dealer network and wider economy,” said Jaguar Land Rover CEO Ralf Speth.
“We have recently confirmed 1,500 new production jobs at our Halewood plant and have begun recruiting more than 1,000 additional engineers.”
Bentley has also received confirmation from the same fund of a conditional allocation of GBP1.68m.
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By GlobalDataThe finance will help to maintain skills amongst its Cheshire, England-based workforce to meet customer demand, the company said.
Bentley member of the board Christine Gaskell added: “The funding will enable us to further invest in all of the skills we need to deliver the new generation of Bentleys and ensure we have the capacity to meet this increasing demand for our products.”
In support of its Vauxhall and Opel Vivaro van, GM has been given a conditional allocation of the financial support.
“We have got a conditional application but it is still going through due diligence,” a Vauxhall spokeswoman said. “It is still being audited, it could be a few months. It is in support of the new generation van at Luton.”
