25 August 2023
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Pledge by JLR is a vote of confidence in UK economy
: credit: © JLR
As news of the electric Grenadier hits the headlines, JLR has confirmed it will invest more than £4billion building its new gigafatory in Somerset
The Tata Group has chosen Britain over Spain thanks to government funding with reports suggesting Tata had asked for up to £500million in support.
It will be a huge boost to UK automotive manufacturing, creating thousands of jobs. Production is due to start in 2026 and will have an initial output of 40GWh, making it one of Europe’s largest battery cell manufacturing facilities. It’s estimated that it will provide nearly half of the battery production that the Faraday Institution estimates Britain will need by 2030, when the ban on sales of new petrol and diesel cars is due to commence.
Prime Minister Rishi Sunak said: “With the global transition to zero-emission vehicles well under way, this will help grow our economy by driving forward our lead in battery technology whilst creating as many as 4000 jobs, and thousands more in the supply chain.”