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Major car brand invests £500million to secure UK future and create 1,000 new jobs

gbnews.com · 4h · first reportShare

Iconic British car brand McLaren has confirmed its intention to invest £500million into its UK operations and support the creation of 1,000 high-skilled jobs. McLaren Automotive will expand its UK footprint at its manufacturing and R&D facilities in Woking and South Yorkshire with the huge investment. The funding programme stems from a commitment by shareholder L'IMAD, a sovereign investor of the Government of Abu Dhabi, to anchor its future in the UK. It will create new facilities, focusing on design, engineering, advanced manufacturing and vehicle development. TRENDING Stories Videos Your Say Critically, the funding will allow McLaren to build engines in-house in the UK for the first time in its storied 63-year history. McLaren aims to start with two new engines and transmissions, and will support the brand's hybrid engine strategy, which was pioneered in the McLaren P1. These facilities will support the creation of 1,000 new direct and indirect jobs by 2032 and create new opportunit