There is good news for the UK’s manufacturing supply chain today as carmaker Nissan has announced investment of a further £100 million in its Sunderland car making facility.
The investment will see the production of the next phase of its ‘Juke’ model and will secure thousands of jobs both at the plant and in the wider economy.
Commenting, Chancellor George Osborne said Nissan’s announcement was “fantastic news” and an “important sign of Britain being chosen as a global leader in car production.”
The news gives long term security to the Nissan plant, while in a further boost to the UK car industry, Nissan’s UK design and engineering teams in Paddington, London, and Cranfield, Bedfordshire, will be instrumental in the development of this new model.
Nissan Europe Chairman Paul Willcox said the announcement also “gives security to our Sunderland plant beyond 2020.”
Nissan employs nearly 8,000 people in its UK design, engineering and manufacturing operations, supporting an additional 27,000 jobs in the UK supply chain.