Purpose

I will try my best to provide detailed info on various cars and what is like to live with them, I have already produced a few for Jaguar-car-forums, I will do my best to be unbiased, but it will be hard for some cars. I will re-produce press releases and copy from other motoring news.
Showing posts with label regional growth fund. Show all posts
Showing posts with label regional growth fund. Show all posts

Monday, 20 October 2014

Ford to continue investment at Dagenham with new Diesel Powerplants.

Ford is investing an additional £190 million at its Dagenham London site to produce an all-new advanced technology 2.0-litre diesel engine for cars and commercial vehicles. This investment includes £8.9 million from the Government’s Regional Growth Fund. Ford is creating 318 new jobs connected with this investment.
Today’s announcement confirms the second phase of investment in the new engine programme following the original investment of £287 million for phase one with support from the UK Government’s Regional Growth Fund. This brings the total invested in the project to in excess of £475 million, and underlines Ford’s commitment to high-tech engine manufacture at Dagenham.
The first phase of investment relates to the production of state-of-the-art low carbon 2.0 litre diesel engines for Ford commercial vehicles (CVs) globally. The second phase is for low carbon, 2.0 litre diesel engines for passenger cars.

This all-new range of low carbon 2.0-litre diesel engines for cars and CVs has been designed and developed at Ford Dagenham and at the Ford Dunton Technical Centre in Essex.
The first ‘phase one’ engines will come off the line towards the end of next year. Production capacity will be up to 350,000 units per year – one engine produced every 30 seconds – and will be installed in Ford commercial vehicles from 2016.
This new, low carbon, London-built 2.0 litre advanced diesel engine will deliver dramatically lower NOx emissions, satisfying the air quality requirements of the London Mayor’s proposed Ultra Low Emission Zone (ULEZ).
The second phase of engine production is scheduled to start in 2017, with the first installation in Ford cars planned for 2018.  The added capacity of up to 150,000 units for this phase brings the total annual capacity for the all-new engine range to up to half a million units.
Prime Minister, David Cameron, said: “I welcome Ford’s commitment to Dagenham and the UK, which is a vote of confidence in our long-term economic plan to back business, create more jobs and secure a brighter future for Britain. We are backing our automotive sector so that it continues to thrive and this investment, supported by £8.9 million from Government’s Regional Growth Fund, will create more jobs that mean financial security and economic piece of mind for more hardworking families.”
Business Secretary, Vince Cable, said: “From pencil line to production line, these engines will be fully designed and built in the UK, securing the future of the plant at Dagenham and creating over 300 new jobs. This latest investment by Ford, supported by £8.9 million from the Government’s Regional Growth Fund, is testament to the strength of our automotive sector and demonstrates Ford’s ongoing commitment to the UK.
“Through the UK government’s industrial strategy we are backing the automotive sector as it goes from strength to strength. We are providing the right environment to give businesses the confidence to invest and create high skilled jobs.” 
Stephen Odell, Ford Executive Vice President, Europe, Middle East & Africa, said: “Ford is delighted to announce this next phase of investment at Dagenham. The overall investment of over £475 million, supported by the UK Government, underlines Ford’s commitment to the UK. This all-new, state-of-the-art, low carbon diesel engine has not only been designed and developed here it will be manufactured by Ford in the UK too. And it will be great for UK plc as these engines will be exported to markets around the world.”
This latest diesel engine programme at Ford Dagenham is part of a £1.5 billion investment by Ford in low-carbon and environmentally friendly engine and vehicle technology over five years. 
Ford produces engines at two locations in the UK, petrol engines from Ford Bridgend in Wales and diesel engines at Ford Dagenham.  Total production from the two plants exceeded 1.5 million engines in 2013.

Thursday, 28 November 2013

Lotus gains government grant to grow workforce and improve model range.

British car manufacturer Lotus has secured a £10 million government grant which will see the firm create more than 300 new jobs.


The Regional Growth Fund (RGF) has awarded the automotive firm £10.44 million, which will be used for research and development of products, along with staff training. In addition Lotus is expected to create 313 new full time jobs to support production over the coming years.

Business Secretary, Vince Cable MP visited Lotus’ Norfolk headquarters today, 25 November 2013, where he toured the engineering and factory facilities and formally announced the grant to Lotus management.

The grant is a further boost for Lotus, following a £100 million investment by its owners DRB-HICOM which has allowed the company to enhance its engineering, productivity, efficiency and quality. Lotus is also recruiting for more than 130 new jobs, previously announced in July 2013.

The Regional Growth Fund (RGF) is a flexible and competitive £3.2 billion fund operating across England from 2011 to 2017. It supports projects that are using private sector investment to create economic growth and sustainable employment.

Aslam Farikullah, Chief Operating Officer at Lotus, said: “This grant is part of a wider strategy for Lotus created to ensure we thrive and grow.  We are responding to increased global demand for our cars and engineering consultancy services and this grant will help to position Lotus at the forefront of global automotive innovation.

“We have very exciting plans for our sports cars and it’s a very positive move for Lotus that we’re in a position to create new jobs and to significantly contribute to Britain’s automotive industry.

“The team here at Lotus have worked very hard to secure this grant and every employee is playing their part in the stability, growth and future success of our company.”

Business Secretary Vince Cable said: “Lotus is an iconic British car maker, with some of the most innovative engineers in the business. The car industry is one of Britain's great success stories, employing over 130,000 people and helping to build a stronger economy by contributing £11 billion a year. The Government's industrial strategy is working and giving business the confidence to invest, creating more high skilled, long term jobs in the UK.

“I am pleased to announce today that our flagship economic plan to create jobs outside of London - the regional growth fund - is awarding Lotus a £10 million grant which will help them develop their next generation of cars and create over 300 new jobs in East Anglia.  The Government has already supported over 400 projects with £2.6 billion from the Regional Growth Fund, promoting growth in regions across England. The latest round is still open for another two weeks and I'd urge all businesses with a plan to support jobs in their local areas to apply"