BMW have announced a £250m investment programme for the MINI car, the investment will safeguard thousands of UK jobs. The extra funding, which is on top of the £500m UK investment announced last year by BMW, will be used to increase the number of MINIs made as well as build up to 10 new models.
Prime Minister David Cameron said “I am delighted that BMW has chosen to make such a significant investment in the UK. This demonstrates confidence in British manufacturing, provides a fantastic boost for the workforce, and shows we are making real progress in rebalancing the economy.”
Vince Cable, Business Secretary has welcomed the plan he said “BMW’s ambitious plans for MINI will ensure its UK sites at Oxford, Swindon and Hams Hall remain at the centre of MINI production worldwide, the investment of £250m in addition to the £500m last year demonstrates BMW’s commitment to the UK and safeguards jobs for the future."
In January the company launched the Mini Roadster, a convertible version of the Mini Coupe, the first two-seater Mini model. Both new cars are assembled at the main plant at Cowley, Oxford, which has produced more than 2m MINI models since 2001.