Britain builds a car every 20 seconds as demand grows
Source : Britain builds a car every 20 seconds as demand grows
The UK car industry right now supports almost 800,000 jobs as £2 billion will be invested
The UK’s motoring industry will be in not bad health after the item was announced of which more than £2bn worth of investment has been pumped into the sector in 2015 already. Much of the investment has been in Research & Development as well as production facilities.
During the first half of This particular year, more cars were produced within the UK since the first half of 2008, meaning a car rolls off the production line every 20 seconds. This particular growth has lead to the creation of a further 4500 brand-new jobs This particular year. The industry right now supports almost 800,000 jobs across the country. Of these, 0,000 are directly employed within the manufacturing sector.
The appetite for British-built cars will be strong around the globe; car exports right now account for 11.8% of Britain’s total exports, to more than 100 countries, contributing £24.6 billion to the UK economy last year alone. Demand in 2014 coming from Europe grew by 11.8% as well as continues to be the UK’s largest export market.
At a gathering of government officials, indicatory leaders as well as UK manufacturers in Greenwich today, business secretary Sajid Javid said: “The automotive industry will be a UK success story with government as well as industry working closely to boost productivity as well as growth. Not only do we build cars extremely well, nevertheless our research as well as development as well as design capabilities are equally as impressive.”
The event was attended by Aston Martin, Bentley, Honda, Jaguar Land Rover, Mini, Nissan, Rolls-Royce, Toyota as well as Vauxhall as well as was a send-off for manufacturers on their way to next week’s Frankfurt motor show.
By Matthew Griffiths
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