McLaren in South Yorkshire announces plans for £500m investment in UK

The iconic British car brand plans to expand its research and development site in South Yorkshire, and to open a new cutting-edge vehicle production facility in the UK through the investment.

This investment builds on £4 billion of 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 unlock 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”.

The announcement comes days after Downing Street hosted a roundtable and reception with business leaders to discuss how government and business can work together to unlock investment, create good jobs and spread opportunity across the country as part of the Government’s commitment to partner for growth. 

McLaren’s commitment to keeping all current and new models in the UK will create new export opportunities in exciting markets worldwide and boost local firms throughout its supply chain. 

With plans to manufacture future engines in-house for the first time and expand its product portfolio with a performance SUV, McLaren’s backing cements the UK’s position as a world-leading destination for investment into the sector. 

It builds on the Government’s commitment to give businesses greater certainty, providing the stable foundations businesses need to invest with confidence and plan for the long term. 

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”.

This article was authored by Unknown for GOV.UK and published under the title 'Boost for UK auto sector as McLaren unleashes £500m investment to help reindustrialise Britain', on Boost for UK auto sector as McLaren unleashes £500m investment to help reindustrialise Britain - GOV.UK. It is reproduced above in accordance with section 30(2) of the Copyright, Design and Patents Act 1988.