Toyota Invests £240M in UK Car Plant
Toyota has given the UK automotive industry a huge boost by announcing that it will invest £240million in upgrading its Burnaston factory near Derby.
The Japanese car manufacturer has said that the investment will be targeted at integrating its new global manufacturing systems at the site as well as improving training, R&D and also generating cost savings via environmental investments at the site. The government has committed grant funding of £21.3m as a contribution to the training, research and development and enhancements of the plant’s environmental performance.
The Derby site that has been manufacturing cars since 1992 currently produces the Auris and the Avensis models. The manufacturing site at Burnaston is the latest facility to benefit from a global programme that will see the majority of Toyota’s models using these latest platforms by 2020.
Commenting on the great news for UK manufacturing, the UK Government's Business and Energy Secretary Greg Clark said: “Our automotive sector is one of the most productive in the world and Toyota’s decision to invest £240 million upgrading its Burnaston plant is a further boost to the UK auto sector. I also welcome the prospect of investment to take Toyota New Global Architecture into the supply chain.
“Toyota is one of the world’s largest car producers and this inward investment underlines the company’s faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK. As we prepare to leave the EU, this Government is committed through our Industrial Strategy to ensuring the UK remains one of the best places in the world to do business and we are able to help businesses seize on economic opportunities.”