Jaguar Land Rover invest extra £1bn
The UK is set to benefit from the success of Range Rover Evoque as Jaguar Land Rover (JLR) has announced it is to invest an additional £1bn in the supply chain over the next four years.
The move will benefit the North West in particular, with the Evoque production line already based at Halewood on Merseyside and a new logistics facility planned to open in Ellesmere Port in Cheshire this summer.
The move, which increases the value of the carmaker’s UK supply contracts to £3bn, is expected to create around 300 new jobs at the new Cheshire facility, just a few months after 1,000 jobs were created at its Halewood plant.
Dr Ralf Speth, JLR CEO, said ‘the demand we have seen across the globe for the Range Rover Evoque means we are able to significantly increase what we spend with our suppliers, which is great news for the UK economy, and the thousands of jobs JLR supports in its supply chain.’
More than 60,000 Range Rover Evoque models have been sold since its launch in September 2011 and the car's success has benefitted not just the North West but more than 40 suppliers across the UK, including significant investment for North Yorkshire, Worcestershire and the West Midlands.