Car manufacturer McLaren Automotive has announced it will expand its UK footprint and create 1,000 new jobs by 2032.
The British brand will invest around £500 million to expand its R&D and production site in South Yorkshire and open a new vehicle production facility in the UK.
It builds on £4 billion of UK Government investment into the wider automotive sector by 2035 and will ensure McLaren’s continues to design, engineer and manufacture in the UK.
It is also expected to deliver up to 3,000 additional jobs across the sector.
Prime Minister Andy Burnham said:
“McLaren is doubling down on Britain, keeping the design, the engineering and the building of every future car here, and taking on a thousand more people to do it.
“Their investment will create high-quality apprenticeships, jobs and drive growth far beyond their factory gates. It is how you get skilled work, decent wages and pride back into a place.
“It’s this kind of partnership between government and business that will help us reindustrialise communities and make every part of Britain better off.
“I want young people to see that and know there is a future for them in making things, wherever they grew up.”
First Secretary of State Louise Haigh said:
“McLaren’s decision to significantly expand its footprint here in Britain is a vote of confidence in our advanced manufacturing sector and a testament to the world-leading skills and expertise we have in this country.
“Today’s investment will create hundreds of new high skilled jobs, including new apprenticeships for young people across the country. This government is committed to backing British business and driving good growth in every postcode.”
Business Secretary Jonathan Reynolds said:
“McLaren’s investment is a massive vote of confidence in Britain and our world-class automotive sector. It means 1,000 new jobs up and down the country, with thousands more supported across the supply chain – that’s boosting growth and making us all better off.
“This is all part of our Modern Industrial Strategy which is backing the car industry with billions of pounds in investment to help reindustrialise Britain. We’re creating the right environment so businesses like McLaren choose the UK.”
Nick Collins, Chief Executive Officer of McLaren Group Holdings and McLaren Automotive said:
“We are investing in the future of McLaren and in advanced manufacturing in the UK. This investment will give us the platform to grow, develop our next generation of cars and build on what makes us distinctive, while strengthening skills, jobs and Britain’s global competitiveness.”
Mike Hawes, SMMT Chief Executive, said:
“McLaren’s £500 million investment and creation of 1,000 new jobs is a major boost to the UK and evidence of automotive’s ability to deliver skilled, high value jobs, economic growth and innovation.
“This commitment strengthens our position as a global leader in high-performance automotive design, engineering and advanced manufacturing, anchoring new products, skills and technologies in Britain. It further underlines the UK automotive sector’s strong fundamentals on which we must build with the right competitive conditions to deliver long-term growth.”
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