Deputy PM seals £357m Growth Deal for the Midlands

Nick CleggThe Deputy Prime Minister, Nick Clegg, has signed a historic Growth Deal for Birmingham and Solihull, bringing over £357 million of investment to the region to support economic growth.

The Growth Deal will help to deliver at least 13,000 jobs, allow up to 4,000 homes to be built and up-skill 7,633 people by 2021, as well as generating up to £80 million in public and private investment.

In addition, the Regional Growth Fund is providing £1.8 million towards a £17 million investment which has enabled HydraForce UK to build a new, bespoke 120,000 square-foot factory in Birmingham.

This will create and safeguard almost 200 long-term jobs while generating upwards of 100 jobs in HydraForce’s supply chain.

The Deputy Prime Minister confirmed other Regional Growth Fund awards, including Dana UK Axle, which has secured a £1 million grant to increase capacity and install cutting-edge technology, creating 400 jobs in high-tech manufacturing.

Sertec Group Holdings secured a £1.425 million RGF grant to help deliver its project to invest in new stamping equipment and robotic welding cells at their plants in Aston, Coleshill and Tyseley. This will lead to 200 new jobs.

The Deputy Prime Minister Nick Clegg said: I’m delighted to be finalising this historic deal bringing real change to our second largest city in the UK. This significant Growth Deal will enable a whole host of jobs to be created, see scores of homes built and transport services improved. All of this is a major boost to the economy in Greater Birmingham and Solihull.

Growth Deals are about local areas leading their own growth, giving more power to people in the regions so we can work together to build a strong economy and a fairer society.

I was impressed with HydraForce’s ambitious plans to double its turnover and significantly increase its UK workforce. This US company has been in Birmingham for over a quarter of a century and this investment is securing its future in the Midlands.”

Jaguar Land Rover to create 1,700 new jobs in the Midlands

Jaguar Land Rover to create 1,700 new jobs in the Midlands

Jaguar Land Rover has today announced an investment of £1.5 billion for the West Midlands that will create 1,700 new manufacturing jobs in Solihull.  

The new 1,700 jobs at the Solihull site in the Midlands will bring the total number of UK manufacturing jobs announced by Jaguar Land Rover over the last three years to almost 11,000.

Commenting on the announcement, Jaguar Land Rover Chief Executive Dr. Ralf Speth, said: “Today’s announcement signals Jaguar Land Rover’s ambitions to push the boundaries and redefine premium car ownership.

“At Jaguar Land Rover we place the customer at the heart of everything we do and the introduction of a world class all-new aluminium vehicle architecture means we will be more competitive, flexible and efficient delivering exciting new products for our customers around the world.”

“Jaguar Land Rover is a business driven by design, technology and innovation and this investment and level of job creation is yet further evidence of our commitment to advancing the capability of the UK automotive sector and its supply chain.”

It is estimated these new jobs will create an additional 24,000 positions in the supply chain.

This capital investment includes an all-new architecture and the construction of a state of the art aluminium body shop and trim and final assembly hall.

Jaguar Land Rover has three advanced manufacturing facilities in the UK – in Solihull and Castle Bromwich in the West Midlands, and Halewood on Merseyside.

The company is building its first state of the art advanced Engine Manufacturing Centre near Wolverhampton, investing more than £500 million and creating almost 1,400 new jobs.

Jaguar Land Rover’s Solihull manufacturing facility has been home to Land Rover since production commenced in 1948 and currently builds the Defender, Discovery, All-New Range Rover and Range Rover Sport.

In May 2012, Solihull moved to a three-shift, 24-hour production operation to meet the global demand for products built at the plant.UK Business Secretary Vince Cable said: “Jaguar Land Rover has been experiencing great success over the last couple of years but this ground-breaking project takes Jaguar onto the next level.

UK Business Secretary Vince Cable said: “Jaguar Land Rover has been experiencing great success over the last couple of years but this ground-breaking project takes Jaguar onto the next level.

“This all-aluminium architecture project typifies the type of innovative and high value R&D that the UK excels in and Government is supporting through the automotive industrial strategy.”