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7:52am Thursday 18th March 2010 in
JOBS in Essex have been safeguarded as car giant Ford announced plans to develop a new generation of environmentally friendly engines and vehicle technologies.
Ford's plans will safeguard about 2,800 skilled jobs in the UK at its research and development centre at Dunton as well as its manufacturing plants in Dagenham, Southampton and Bridgend in South Wales.
Ford and Nissan, which is to make a new electric car in Sunderland, will both receive Government support towards almost £2 billion investment.
Business Secretary Lord Mandelson announced that the Government had agreed to back Ford's proposed £1.5 billion investment over five years.
The Government will provide £360 million in loan guarantees towards six projects through its Automotive Assistance Programme, backing a proposed loan of £450 million which is being considered by the European Investment Bank.
Ford currently provides 29 per cent of the UK's automotive sector research and development.
The projects to be supported cover research and development for Ford's commercial vehicles such as the Transit and Connect vans and the development of low carbon emission diesel and petrol engines.
Lord Mandelson, who will visit Ford's site in Dagenham today, said: "Ford is a major investor in research and development in the UK. Its proposals represent further significant investment in the UK. The Government stands ready and willing to support these innovative research and development projects backed by a highly skilled workforce.
"As part of the automotive industry, Ford has an important role to play in the UK's aim to be one of the leading manufacturers of low carbon vehicles."
Comments(10)
RitchieHicks
says...
10:55am Thu 18 Mar 10
mister strides
says...
12:10pm Thu 18 Mar 10
Julian Ware-Lane
says...
1:37pm Thu 18 Mar 10
Julian Ware-Lane
says...
1:40pm Thu 18 Mar 10
EthanEdwards
says...
2:26pm Thu 18 Mar 10
Julian Ware-Lane wrote:Would that be the same Julian Ware-Lane who is a Parliamentary
This is good news for the Essex economy and good news for the Essex environment. Safeguarding jobs in the automotive industry is something that I am personally grateful for – I work at Dunton. That these jobs are to develop environmentally friendly engines is something my children and grandchildren will be grateful for.
micksmercs
says...
3:57pm Thu 18 Mar 10
EthanEdwards
says...
4:50pm Thu 18 Mar 10
westcliff willi
says...
5:53pm Thu 18 Mar 10
mister strides
says...
12:45pm Fri 19 Mar 10
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Voter99 says...
9:55am Thu 18 Mar 10