BMW has secured taxpayer funding to build their next generation electric Mini in Oxford which will secure 4,000 jobs.
The government funding package of a multi-million pound investment for the German based manufacture of £75 million will transform the existing plant in Oxford.
Government sources will not disclose the level of taxpayers support and the Prime Minister Rishi Sunak said the government is securing jobs and growing the economy “by backing our car manufacturing industry.”
Sunak added, “BMW’s investment is another shining example of how the UK is the best place to build cars of the future.”
Business Secretary Kemi Badenoch, told BBC Radio 4’s Today programme, “All I can tell you is what we put in the automotive transformation fund, and that’s money that goes to many different companies across the sector, not just one. We put in £350 million in 2021.
“We do have to do some investment ourselves as government, that is standard, and we’re competing against countries from all around the world as well as the EU and we are winning. We’re not doing anything out of the ordinary.”