"The government’s industrial strategy is about giving investors 'the stability and confidence they need' to plan a decade ahead, according to business secretary Peter Kyle."
"Of the remaining £320 million, £100 million has been earmarked for firms in the West Midlands and the North East to retool factories and retrain workers for the EV supply chain."
"Bridgwater will become Britain's second gigafactory of meaningful scale, joining Nissan's operation in Sunderland, which is already supplying."
"JLR has pledged to end internal combustion engine production by 2036, with the first battery-powered Jaguars expected on the road next year."
Jaguar Land Rover's gigafactory in Somerset has been awarded a £380 million taxpayer grant as part of a £700 million initiative to enhance Britain's electric vehicle manufacturing capabilities. This funding aims to support smaller firms in the supply chain. An additional £320 million will be allocated for retooling factories and retraining workers in the West Midlands and North East, with funds also directed towards battery innovation and digital manufacturing techniques. JLR plans to cease internal combustion engine production by 2036.
Read at Business Matters
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